Disclosures of allocations , liabilities and potential assets
Disclosures of allocations , liabilities and potential assets in the financial position , There must be disclosures of the allocations in the financial position . Allocations are included in the liabilities according to their types . The short term liability will be adjusted in a year , but the long term liabilities are adjusted in more than one year . They are listed in the income statement and in the cash flow statement as explained before .