Statement of Financial Position

Tags

finance

[see page 27, Reports] the Assets, Liabilities, and Equity of a company at a specific date.

Warn: this statement doesn't show the current market value of the companies assets, it only shows what it's value was at the time of purchase. Such assets need to be depreciated to account for the loss of value over time.

This statement also excludes assets which don't have a tangible value (eg. Goodwill or business reputation).