Limited Company Formats (AS Level Only): Statement Of Financial Position (Limited Company – AS Format) (Copy)

Statement Of Financial Position (Limited Company – AS Format)

Standard Limited Company Statement Of Financial Position Layout (AS Level – Exam Preferred)

Statement Of Financial Position As At ………

• Total Assets Must Equal Total Equity And Liabilities
• Equity Section Shown Before Liabilities

Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course

Limited Company Statement Of Financial Position Using Net Current Assets Format

Statement Of Financial Position As At ………

• Net Current Assets Presentation Accepted
• Clear Labelling Mandatory

Equity Section Presentation (AS Level Focus)

Equity

• Ordinary Share Capital (Nominal Value Only)
• Share Premium
• Retained Earnings
• Bonus Issue Increases Share Capital, Reduces Reserves
• Dividends Reduce Retained Earnings

Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course

Typical Items Included In Limited Company Statement Of Financial Position

Non-Current Assets

• Property
• Equipment
• Motor Vehicles

Current Assets

• Inventory
• Trade Receivables
• Cash And Bank
• Prepayments

Current Liabilities

• Trade Payables
• Accruals
• Bank Overdraft
• Proposed Dividends

Non-Current Liabilities

• Debentures
• Long-Term Loans

Items Never Included In Limited Company Statement Of Financial Position

• Revenue
• Expenses
• Dividends As Expense
• Share Issue Cash As Income

Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course

Presentation Rules For Limited Company Statement Of Financial Position (Exam Scoring)

• Heading Must State “Statement Of Financial Position”
• Date Must Be “As At”
• Assets Listed Before Equity And Liabilities
• Correct Classification Of Liabilities
• Totals Must Balance

Common Labels Used In Limited Company Statement Of Financial Position

• Ordinary Share Capital
• Share Premium
• Retained Earnings
• Trade Receivables
• Trade Payables
• Non-Current Assets
• Current Liabilities

Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course

Compact Limited Company Statement Of Financial Position Template (Emergency)

Statement Of Financial Position

Assets xxxx
Equity (Share Capital + Reserves) xxxx
Liabilities xxxx
Totals Equal

One-Glance Exam Template

Limited Company SOFP
Assets On Top
Equity First
Then Liabilities