Difference between revisions of "Statement of Financial Position"
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== Versions == | == 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> | * 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> | ||
| − | * Statement of financial position, | + | * 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 == | == See Also == | ||
Latest revision as of 19:04, 12 April 2021
Contents
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]
- 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
References
- ↑ IAS 1.60
