5.4 Statement of Financial Position

Homearrow_rightBusiness Studies arrow_right Revision Notes arrow_right IGCSE arrow_right Financial Information And Decisions arrow_right Statement Of Financial Position

IGCSE Business · Change course

Cambridge IGCSE Business (0264) syllabus reference: 5.4.1

Success criteria - by the end of this topic you can:

Main elements

Element	Meaning	Examples
Non-current assets	Owned and used for more than a year	Land, buildings, machinery, vehicles
Current assets	Owned and used within a year	Inventory, trade receivables, cash
Current liabilities	Debts to be paid within a year	Trade payables, bank overdraft
Non-current liabilities	Debts to be paid after more than a year	Bank loans

Key terms
Capital employed - the total value of capital used in a business.

🔒 Also in the full notes

📝 Practise this topic

Case Study 1 (Paper 1 style, 20 marks): Questions · Mark scheme 🔒 · A* answers 🔒

Case Study 2 (Paper 2 style, 20 marks): Questions · Mark scheme 🔒 · A* answers 🔒