Statement of Financial Position definition

Statement of Financial Position means the statement of the Licensee’s assets, liabilities, and shareholders’ equity at the end of a given quarter or financial year of the Licensee, separating current assets and liabilities from non-current assets and liabilities;
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Statement of Financial Position means a statement that shows the financial position of an entity at a particular date, and comprises three main components of the financial position in terms of the assets, liabilities and equity; and
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Statement of Financial Position means the statement of financial position required by AAS 27. (2) Unless the contrary intention appears, a word or phrase used in these regulations and defined in AAS 27 has the same meaning in these regulations as in AAS 27. (3) A reference in these regulations to a Form followed by a designation is a reference to the Form so designated set out in Schedule 2. [Regulation 3 amended in Gazette 20 Jun 1997 p. 2838; 31 Mar 2005 p. 1047.]
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Examples of Statement of Financial Position in a sentence

  • Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

  • Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the asset and settle the liability simultaneously.

  • In the normal course of business, the Fund enters into various master netting agreements or similar agreements that do not meet the criteria for offsetting in the Statement of Financial Position but still allow for the related amounts to be set off in certain circumstances, such as bankruptcy or termination of the contracts.

  • Complete financial statements for the last two years, including Statement of Financial Position (Balance Sheet), Results of Operations (Income Statement), Statement of Changes in Financial Position (Net Change in Resources) and Statement of Current and Retained Earnings.

  • The net amount of GST recoverable from, or payable to, the taxation authority is included as part of receivables or payables in the Statement of Financial Position.


More Definitions of Statement of Financial Position

Statement of Financial Position means the balance sheet required for the purposes of:
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Statement of Financial Position means the statement of financial position required by AAS 27.
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Statement of Financial Position shall have the meaning given to such term in ‎Section 5.01(a).
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Statement of Financial Position means the Statement of Financial Position included in the Combined Financial Statements.
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Statement of Financial Position means the statement of financial position of Bralorne forming part of the Bralorne Financial Statements;
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Statement of Financial Position means a statement of all assets, liabilities and accumulated surplus and deficit at the reporting date;
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Statement of Financial Position means the balance sheet that presents the financial position of an entity at a given date and includes, assets, liabilities, equity and any other line items commonly included in a balance sheet consistent with GAAP.
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