1. Statement of Financial Position - Item Ordering
For completion after section 2. Financial Statements.
First copy the names of the sections of a Statement of Financial Position (otherwise known as a Balance Sheet) into the correct (shaded) places in the simplified statement table on the next page.
Total equity
Current liabilities
Equity
Net assets
Total liabilities
Non current assets
Non current liabilities
Current assets
Total assets
Now put the following balance sheet elements and their values into the statement in an appropriate order, checking that they balance. You may add category subtotals if that helps. Calculate and highlight the two totals that must balance:
1. Statement of Financial Position - Item Ordering
For completion after section 2. Financial Statements.
First copy the names of the sections of a Statement of Financial Position (otherwise known as a Balance Sheet) into the correct (shaded) places in the simplified statement table on the next page.
Total equity
Current liabilities
Equity
Net assets
Total liabilities
Non current assets
Non current liabilities
Current assets
Total assets
Now put the following balance sheet elements and their values into the statement in an appropriate order, checking that they balance. You may add category subtotals if that helps. Calculate and highlight the two totals that must balance:
