Presenting the statement of financial position: current and non-current distinction vs. order of liquidity

The Secretariat of the ASB has published a recording to explain the current/non-current distinction and the order of liquidity in the Statement of Financial Position as part of the ASB’s project on Enhancing the Application of Standards of GRAP. The recording is based on the requirements in GRAP 1 on Presentation of Financial Statements.

Access the recording on the ASB’s YouTube channel.

The slide presentation is available on the ASB website.