Relevance

Reliability

Comparability

Ease of Understanding

Materiality

Statement of Profit or Loss
(SPL)

Statement of Financial Position
(SPF)

SPL - Example

SFP - Example

SFP
Non-Current Assets

SFP
Current Assets

SFP
Current Liabilities

SFP
Non-Current Liabilities

SFP
Financed By

SFP
Net Assets

SPL
Gross Profit

SPL
Additional Income

SPL
Expenses

SPL
Overview

Accruals

Allowance For Doubt Debts

Accumulated Depreciation

Pre-Payments

Allowance for Doubtful Debts
Adjustments

Opening Inventory

SLCA
Sales Ledger Control Account