FRK
CHAPTER 2: Financial position as reflected in the statement of financial position
DUALITY CONCEPT:
THE STATEMENT OF FINANCIAL POSITION:
- The heading:
Statement of financial position as at ..........
- Format:
Assets xxx
Equity and liabilities xxx
, 1. ASSETS:
- OVEN EXAMPLE on
slides
NON-CURRENT ASSETS: CURRENT ASSETS:
Longer than nest 12 months Shorter than next 12 months
Land Inventory
Buildings Debtors
Vehicles Cash and cash equivalents
Equipment - Bank balance
Machinery - Cash float
Furniture - Petty cash
Financial assets (investments) Income receivable
Expenses paid in advance
CHAPTER 2: Financial position as reflected in the statement of financial position
DUALITY CONCEPT:
THE STATEMENT OF FINANCIAL POSITION:
- The heading:
Statement of financial position as at ..........
- Format:
Assets xxx
Equity and liabilities xxx
, 1. ASSETS:
- OVEN EXAMPLE on
slides
NON-CURRENT ASSETS: CURRENT ASSETS:
Longer than nest 12 months Shorter than next 12 months
Land Inventory
Buildings Debtors
Vehicles Cash and cash equivalents
Equipment - Bank balance
Machinery - Cash float
Furniture - Petty cash
Financial assets (investments) Income receivable
Expenses paid in advance