Statement of Financial Position
From Open Risk Manual
Revision as of 19:04, 12 April 2021 by Wiki admin (talk | contribs)
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
