This material comes with two example Income Statements and
Statements of Financial Position (Company A and Company B) for the students to work with during the delivery of the lesson.
intended to help students improve their understanding of
a statement of financial position (balance sheet) and profit and loss account (income stat...
Learn about the components of
the statement of financial position and how they relate to each other.
Over the years, the direction that the FASB and IASB have gone is in the direction of presenting
the statement of financial position (balance sheet) on more and more of a fair market value basis.
This gives you an abridged summary of the company's
statement of financial position, income statement and some vital financial ratios over a five years period.
The statement of financial position and income statement may not give you the details of the figures in the accounts.
The allowance for doubtful debts is created by forming a credit balance which is deducted from the total receivables balance in
the statement of financial position.
We have audited the accompanying financial statements of the American Humane Association, DBA American Humane — First to Serve (American Humane), which comprise
the statements of financial position as of June 30, 2017 and 2016, and the related statements of activities, functional expenses, and cash flows for the year ended June 30, 2017, and the related notes to the financial statements.
REPORT OF INDEPENDENT AUDITORS We have audited the accompanying financial statements of the American Humane, which comprise
the statements of financial position as of June 30, 2015 and 2014, and...
REPORT OF INDEPENDENT AUDITORS Board of Directors American Humane We have audited the accompanying financial statements of the American Humane, which comprise
the statements of financial position as of June...