Tag: Balance Sheet

Here’s a detailed explanation of Equity items on the Balance Sheet as per IFRS: What is Equity? Equity represents the residual interest in an entity's assets after deducting liabilities. It [Read More...]

Here’s a detailed explanation of Liabilities items on the Balance Sheet as per IFRS: Current Liabilities Current Liabilities are obligations the entity expects to settle within one year or the [Read More...]

Here’s a detailed explanation of all Assets items on the Balance Sheet as per IFRS: Current Assets Current Assets are expected to be realized, sold, or consumed within one year or the operating [Read More...]

The Balance Sheet, also known as the Statement of Financial Position, is a financial statement that provides a snapshot of an entity's financial position at a specific point in time. It is structured [Read More...]