Difference between revisions of "Statement of Financial Position"
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== Definition == | == Definition == | ||
'''Statement of Financial Position''' is the formal name for a [[Balance Sheet]] report. | '''Statement of Financial Position''' is the formal name for a [[Balance Sheet]] report. | ||
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| + | == Versions == | ||
| + | * 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.<ref>IAS 1.60</ref> | ||
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| + | == References == | ||
| + | <references/> | ||
[[Category:Accounts Main]] | [[Category:Accounts Main]] | ||
Revision as of 00:12, 1 April 2021
Definition
Statement of Financial Position is the formal name for a Balance Sheet report.
Versions
- 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]
References
- ↑ IAS 1.60
