CAIE IGCSE Business Studies 5.4.1 financial position elements
Practise balance-sheet questions by defining categories, classifying entries and using financial position data in context.
- Syllabus
- 2027–2029
- Course
- Business 0264
Exam points
- Define non-current assets, current assets, current liabilities or shareholders' equity.
- Classify overdrafts, receivables, payables and cash into the correct statement category.
- Use financial position figures to support simple judgements about the business.
5.4.1—The main elements of a statement of financial position question 1
WFT is a primary sector business which harvests timber (wood) from trees. The Operations Manager knows there are many legal controls over business activity affecting the environment. WFT has 30 employees and uses a lot of technology to process the timber. The business is always considering ways to increase added value. WFT often needs finance. An extract from WFT's statement of financial position is shown in Table 1.1.
Table 1.1
Identify one non-current asset and one non-current liability.
Non-current asset:
Non-current liability:
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