Statement of financial position—2010 AASB IFRS Presentation changes

Accountants Enterprise in Australia only

The 2010 AASB IFRS Presentation changes re-introduced the Statement of Financial Position as a replacement for the Balance Sheet for all reporting entities and large non-reporting companies.

The Statement of Financial Position is mandatory for all reporting entities and large non-reporting companies and is generated using the Balance Sheet formats. See Balance sheet.