Statement of Financial Position

From Open Risk Manual


Statement of Financial Position is the formal name for a Balance Sheet report.


  • Statement of financial position, current/non-current classification. Under IAS 1, an entity must normally present a classified statement of financial position, separating Current Assets and Non-current Assets and liabilities, unless presentation based on liquidity provides information that is reliable.[1]
  • Statement of financial position, Order of Liquidity. Order of Liquidity denotes the ordering of items in Financial Statements in line with their (broad) Liquidity profile.

See Also


  1. IAS 1.60