5.4.1 The main elements of a statement of financial
position:
• The main classifications of assets and liabilities, using examples
5.4.2 Interpret a simple statement of financial position and make deductions from it, e.g. how a business is financing its activities and what assets it owns, sale of inventories to raise
finance (constructing statements of financial position will not be assessed)
- Questions and suggested answers*
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IGCSE Business Studies (Units 4 - 6)
4 Operations management 5 Financial information and decisions 6 External influences on business activity
5. Financial information and decisions (IGCSE Business Studies - Unit 5)
5.1 Business finance: needs and sources 5.2 Cash-flow forecasting and working capital 5.3 Income statements 5.4 Statement of financial position 5.5 Analysis of accounts
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