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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

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:

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