Statement of financial position

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1. NBV

  • Net book value - 3rd Column
  • Net book value - 1st Column
  • Net book value - 2nd Column
  • Net book value - Last Column
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2. Where do you put 'Accumulated Depreciation'

  • Separate column at the top
  • After gross profit
  • Before Capital / Equity and liabilities
  • Don't include

3. Liquidation of outstanding trade recievables

  • Add to bad debt
  • Add to Liabilites
  • Take away from figure
  • Add to assets

4. Order of titles

  • Non-Current assets > Total assets, > [Capital] Equity and Liabilities > Current assets > Total assets, > [Capital] Equity and Liabilities > Equity [Capital] > Non-current liabilities > total Equity & Liabilites
  • Non-Current assets > Current assets > Total assets, > [Capital] Equity and Liabilities > Equity [Capital] > Non-current liabilities > Current Liabilites > total Equity & Liabilites
  • Non-Current assets > Current assets >, > [Capital] Equity and Liabilities > Current assets > Total assets, > [Capital] Equity and Liabilities > Equity [Capital] > Non-current liabilities > Total assets > total Equity & Liabilites

5. NBV goes where

  • Before cost
  • Last column at the top
  • Dont include

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