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🏢 Statement of Financial Position – Financial Accounting Lesson 📊💼

Learn how to prepare, present, and interpret the Statement of Financial Position, also known as the Balance Sheet, which provides a snapshot of an organization’s financial health at a specific point in time. This lesson is essential for accounting students, finance professionals, and KASNEB candidates.

💡 Key Topics Covered:

🔹 1. Definition and Purpose

Shows the assets, liabilities, and equity of a business at a particular date.

Helps stakeholders assess financial stability, liquidity, and solvency.

🔹 2. Components of the Statement of Financial Position

Assets: Current and non-current assets, tangible and intangible assets

Liabilities: Current and long-term obligations

Equity / Shareholders’ Funds: Share capital, reserves, retained earnings

🔹 3. Classification of Items

Current vs Non-Current Assets and Liabilities

Importance of correct classification for financial analysis

🔹 4. Accounting Equation

Assets = Liabilities + Equity

Maintaining balance through accurate recording and adjustments

🔹 5. Presentation Guidelines

IFRS / IAS requirements for format and disclosures

Inclusion of notes to financial statements for clarity

🔹 6. Analysis and Interpretation

Assess liquidity ratios, solvency, and financial position

Evaluate working capital, capital structure, and financial stability

🎯 Learning Outcomes:
By the end of this lesson, learners will be able to:
✅ Prepare a Statement of Financial Position accurately
✅ Classify assets, liabilities, and equity correctly
✅ Analyze financial position using ratios and accounting principles

📘 Ideal For:

KASNEB students (Financial Accounting, Financial Reporting, FRA)

CPA learners and finance professionals

Business students and lecturers covering accounting and financial statements

💻 Learn with Manifested Publishers:
Structured lessons with examples, exercises, and simplified explanations to help learners understand balance sheet preparation and analysis.

🌐 Visit: www.manifestedpublishers.com

📞 Call/WhatsApp: +254 724 173 845

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