why use other current liabilities 
financial statements can become quite complex if every asset and liability account were listed by line item the balance sheet could balloon to many pages which would be less useful to readers so some companies aggregate their balance sheet accounts for the sake of simplicity citing other current liabilities on one line as a catch all for liabilities coming due within the next 12 months that do not fit neatly into any other descriptive line item accounts that require greater transparency often become a single line item and accounts that are not essential to a firm s core operations may be grouped together as other special considerationsalthough the footnotes to the balance sheet contain much detail concerning the other current liabilities these should not be confused with off balance sheet financing activities whose disclosures are also included in the footnotes because off balance sheet financing adds the potential for manipulating financial statements these entries in the footnotes are often subject to intense scrutiny by auditors and investors using other current liabilities as a category is standard practice and does not need the level of review often seen with off balance sheet items 