Page 73 - Ebook Financial Accounting 3

c) Statement of Financial Position

➢ SOFP is a financial statement that summarizes the financial position of the company at

a particular date, usually at the end of the accounting period.

➢ The MFRS 101 does not prescribe the order or format in which an entity presents items;
it only list items that are sufficiently different in nature or function to separate

presentation in this statement.
➢ This report includes economics obligations, equity and their relationships.

Statement of Financial Position as at…….

Notes RM RM RM
Non-Current Assets

Property, Plant and Equipment xxx

Investment properties xxx
Goodwill xxx xxx

Current Assets
Stock/Inventory xxx

Debtors xxx
Prepayment Expenses xxx

Cash and bank xxx xxx

Current Liabilities

Creditors (xxx)

Accrued Expenses (xxx)
Proposed dividend (xxx)

Proposed tax (xxx) (xxx) xxx

WORKING CAPITAL XXX

Financed by:

Issued and Paid-up Capital
Ordinary shares xxx

Preference shares xxx

Retained earnings xxx

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