Essential Resources:

Statement of Financial Position
Resource Overview: This handout will provide a high-level summary of the topics covered in Module 1.2 and should be read in conjunction with the textbook. It explains to the nature and purpose of the statement of financial position. This introduces you three out of five accounting elements: assets, liabilities and equity. This will familiarise you with the balance sheet which you can use to aid making decisions about and an entity’s financial position. Download the Statement
APA Reference: Usman, A. (2022). Statement of financial position [Handout]. Torrens University Australia.