LET'S TALK MONEY - READING A STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)

Why did the accountant fall out of bed? In this month’s article I want to find the answer to this riddle! I also want to isolate part of a business’s financial statements and take a brief look at some key points when attempting to read a Statement of Financial Position(SOFP) or as it had been known in the past, a Balance Sheet.