LiabilityForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › LiabilityThis topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts October 17, 2021 at 3:33 pm #637890 maximus07ParticipantTopics: 446Replies: 437☆☆☆☆Professor can you please explain this condition of current liability:“A company does not have an unconditional right to defer settlement for at least 12 months after the statement of financial position date.” October 18, 2021 at 7:10 am #638122 John MoffatKeymasterTopics: 56Replies: 53806☆☆☆☆☆A current liability is a liability that is payable within 12 months of the date of the SOFP.If they have the right to delay payment more than 12 months, then it becomes a non-current liability.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In