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Statement of Financial Position - Coggle Diagram
Statement of Financial Position
Assets
Non-current assets
Items owned for more than a year
Current assets
Items owned for less than a year
Liabilities
Current Liabilities
Items owed for less than one year
Non-current Liabilities
Items owed for more than one year
Resulting figures:
Working Equity
Ability to pay short term debts
Current Assets - Current Liabilities
Net Assets employed
The value of all non-current assets added to the working equity figure
Net Assets
Overall value of the entire business
Net Assets employed - non-current liabilities
Equity and Reserves
Shows how the business has been financed
Initial investments, retained profits, etc
Adds up to the value of total net assets