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 the statement of financial position required by AAS 27.
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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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Examples of Statement of Financial Position in a sentence

  • Record the Project’s assets, liabilities, revenues, expenses, receipts and disbursements in separate accounts from any other assets, liabilities, revenues, expenses, receipts and disbursements of Borrower so as to permit the production of a Statement of Financial Position, a Statement of Profit and Loss (Statement of Activities), and a Statement of Cash Flows for Borrower in which the activities of Borrower are separately identifiable from the activities of the Operator, unless Borrower is also Operator.

  • A Statement of Financial Position, Statement of Activities, Statement of Changes in Net Assets, and Statement of Cash Flows.

  • All statements required by the Financial Accounting Standards Board (FASB) Statement No. 117, Financial Statements of Not-for-Profit Organizations, should be presented including a Statement of Financial Position, Statement of Activities, and Statement of Cash Flows.

  • CSPs receiving less than $500,000 annually are required to submit: a Statement of Financial Position (Balance Sheet), Statement of Activities (Profit & Loss Statement) and a Statement of Cash Flows.

  • Also, referred to as the Statement of Financial Position or Statement of Net Assets (not to be confused with Statement of Net Position, see below).


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 shall have the meaning given such term in Section 6.01(a)Section 6.01(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 the balance sheet that reports the assets, liabilities and fund balances on a given 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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Statement of Financial Position shall have the meaning set forth in Section 2.02.
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