Definition of statement of financial position
A statement of financial position is another name for a balance sheet. It is used to provide an overview of a business’s financial position at a given point in time.
What does a statement of financial position include?
A statement of financial position is commonly used to assess the position of a business in terms of financial stability and potential risk. A typical statement is likely to include a snapshot of a business’s:
You can find an example of a statement of financial position on our balance sheet page.
