Under IAS1, Presentation of Financial Statements (IASB, 2011a), a complete set of financial statements includes a statement of financial position. After studying this chapter, you should be able to: Explain the purpose of the statement of financial position. Differentiate between non-current assets and current assets. Differentiate between non-current liabilities and current liabilities. Calculate depreciation using the reducing balance method. Prepare a statement of financial position.
Swipe to navigate through the chapters of this book
Please log in to get access to this content
To get access to this content you need the following product:
- Statement of Financial Position
- Macmillan Education UK
- Sequence number
- Chapter number