Statement Of Financial Position - Please read

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mattyj3nks
mattyj3nks Registered Posts: 28 Regular contributor ⭐
I can see by all past DFS papers that the statement of financial position is set out as:

non-current assets
current assets
current liabilities
non-current liabilities
Equity

I have been told by my tutor that the layout has changed for the future starting from the June exams, he said the order in which things are set out has changed.

He gave us a new template and it is set out as:

non-current assets
current assets
equity
non-current liabilities
current liabilities


Can anyone give me any information as to which way will be used as im really struggling to get ready for the 3 exams i am sitting in June and dont feel like i can pass any of them without the added stress of changes to the way i have been learning...

Thanks

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  • AK002
    AK002 Registered Posts: 2,492 Beyond epic contributor 🧙‍♂️
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    It's the second one.
  • Esme
    Esme Registered Posts: 711 Epic contributor 🐘
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    It used to be Assets- Liabilities = Equity but is now Assets = Equity + Liabilities.

    And so is set out in that order.
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