5.4. Statement of financial position

non-current assets, e.g. property (land and buildings), machinery
current assets, e.g. inventory, trade receivables, cash
non-current liabilities, e.g. bank loans
current liabilities, e.g. trade payables, overdraft
concept of capital employed
make simple calculations based on statements of financial position: total assets, total liabilities, working capital
make decisions based on simple statements of financial position Note: candidates will not be assessed on constructing statements of financial position.

5.4.1—The main elements of a statement of financial position