Mission, Gail Kirsten M.

BSA 12KA2

Chapter 5 PAS 1

Presentation of Financial Statements – Statement of Financial Position

Classifications of Assets
o Currents Assets – PAS 1, paragraph 66
o Noncurrent Assets – PAS 1, paragraph 66
 PPE – PAS 1, paragraph 6

NCA CA
Classifications of Liability
o Current Liabilities – PAS 1, paragraph 69
o Noncurrent Liabilities – PAS 1, paragraph 69

CL NCL

CL