Hello everyone,
Is there any rhyme reason for the lay out of the Statement of profit or Loss and the Statement of Financial Position? If so, can anybody offer a reason for it's 3 column layout?
There doesn't appear (to me) to be any logical reasoning for it's layout. I have looked back through my course books but I don't seem to find anything specifically about the layout.
The layout on the SFP seems more logical but if I were to have to learn how to layout a SPL, I would struggle to understand why it's laid out in the way it is.
Thanks,
Stuart
Is there any rhyme reason for the lay out of the Statement of profit or Loss and the Statement of Financial Position? If so, can anybody offer a reason for it's 3 column layout?
There doesn't appear (to me) to be any logical reasoning for it's layout. I have looked back through my course books but I don't seem to find anything specifically about the layout.
The layout on the SFP seems more logical but if I were to have to learn how to layout a SPL, I would struggle to understand why it's laid out in the way it is.
Thanks,
Stuart