ACCA系列知识点——F3财务管理2

☆Financial Statements include: 　　- a statement of financial position at the end of the period 　　- a statement of comprehensive income for the period 　　- a statement of changes in equity for the period 　　- statement of cash flows for the period 　　- notes, comprising a summary of accounting policies and other explanatory notes 　　The statement of financial position: 　　Statement of Financial Position: showing the financial position of a business at a point of time. 　　The Vertical format of the SFP: (Statement of Financial Position as at 31 December 2007) 　　●The top half of the balance sheet shows the assets of the business. 　　●The bottom half of the balance sheet shows the capital and liabilities of the business. 　　A Statement of financial position at the end of the period (Balance Sheet): 　　W Xang 　　Balance Sheet as at December 31 20X6 $ $ Non – current assets 　 　 Motor Van 　 2,400 Current assets 　 　 Inventory 2,390 　 Trade receivables 1,840 　 Cash at bank 1,704 　 Cash in hand 56 　 　 　 5,990 Total assets 　 8,390 　 　 　 　 $ $ Capital account 　 　 Balance at 1 January 20X6 4,200 　 Add net profit for year 3,450 　 Increase in capital 1,000 　 　 8,650 　 Less: Drawing for year （2,960） 　 　 　 5,690 　 　 　 Non – current liabilities 　 1,000 Current liabilities 　 　 Payable 　 1,700 Total 　 8,390 　　The horizontal format of the SFP: (Statement of Financial Position as at 31 December 2007) 　　●The left half of the balance sheet shows the assets of the business. 　　●The right half of the balance sheet shows the capital and liabilities of the business. 　　W Xang 　　Statement of Financial Position as at 31 December 20x6 $ $ $ $ Non-current assets 　 　 Non-current liabilities 　 1,000 Motor van 　 2,400 Trade payable 　 　1,700 　 　 2,400 Total liabilities 　 　2,700 　 　 　 Capital account 　 　 Current assets 　 　 Balance at 1 January 20X6 4,200 　 Inventory 2,390 　 Add net profit for year 3,450 　 Trade receivables 1,680 　 Increase in capital 1,000 　 Cash at bank 1,704 　 　 8,650 　 Cash in hand 56 　 Less: Drawing for year -2,960 　 Total current assets 　 5,990 　 　 5,690 Total assets 　 8,390 Total capital and liabilities 　 8,390

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