OCR AS Business (new spec) Accounting & Finance 08 Statement of Financial Position

This is one of a set of Powerpoints (and accompanying Notes/Key Terms sheets) that I have created for my own teaching of various sections of the new (linear) OCR AS Business specification (H031/H431). They follow the order of teaching recommended by the exam board and (generally) the OCR-approved textbook (Mottershead/Grant/Kelt, 2015).

Specification reference:

Statement of financial position
• explain what is meant by a statement of financial position
• explain what is contained within a statement of financial position
• complete, interpret and analyse a statement of financial position (non-current assets, inventory, receivables, payables, working capital, non-current liabilities, net assets, retained earnings and total shareholders’ equity)
• evaluate how assets may be valued: non-current assets, investments, patents, goodwill, receivables, bad debts, inventories
• evaluate the usefulness of a statement of financial position for a business and its stakeholders of a business.