CAIE IGCSE Business 0264 - Paper 2

5.4 Statement of financial position

Topical Past-Paper Questions

Why it’s here: Assets, liabilities, equity and interpreting a business financial position.

CAIE IGCSE Business 0264 Paper 2 Topic 5.4

Key concepts to revise

The main ideas to know for 5.4 Statement of financial position.

Assets

Non-current and current assets are resources owned by the business.

Liabilities

Current and non-current liabilities are amounts owed by the business.

Equity

Owner or shareholder funds represent the residual interest in the business.

Financial position

The statement shows what the business owns, owes and how it is financed.

Exam material

Past-paper questions

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