5.4.1 The main elements of a statement of financial position
- non-current assets, e.g. property (land and buildings), machinery
- current assets, e.g. inventory, trade receivables, cash
- non-current liabilities, e.g. bank loans
- current liabilities, e.g. trade payables, overdraft
- concept of capital employed
- make simple calculations based on statements of financial position: total assets, total liabilities,
working capital - make decisions based on simple statements of financial position
Minimum Time = 25 minutes
