Lesson · Financial statements
The statement of financial position
Prepare Baobab's statement of financial position from its trial balance.
11 minutes Standard as at 29 October 2026
What you will be able to do
- Prepare Baobab's statement of financial position from its trial balance
- Split assets and liabilities into current and non-current
This is a preview of a member lesson. The full lesson is in the Financial statements library, open to everyone who enrols.
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IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.