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Presentation of financial statements – introduction – ACCA Financial Reporting (FR)

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  2. Thank you so much for this and other lectures.
    Been following through for each chapter and your lectures have been so helpful.
    I hope to continue to the last before the exams in December.
    Once again, THANKS !

  12. Sir, is it ok even if the current assets are presented in SFP before the intangible and non-current assets, similarly current liabilities before equity and non current liabilities?

    Out of the topic I also want to know if possible, whether I can present the net assets (current assets-current liabilities) in SFP.

    • Hi,

      You should stick to the prescribed formats as that is how it is shown in IAS 1. So the non-current assets should be before current assets. The equity is then shown before the non-current and current liabilities.

      Also, don’t net off the current assets and current liabilities.

      Thanks

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