Under IFRS the statement of financial position is often referred to as the statement of changes in equity.

Name: Under IFRS the statement of financial position is often referred to as the statement of changes in equity.
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Under IFRS, the statement of financial position is referred to as the balance sheet, not the statement of changes in equity. The statement of changes in equity is a separate financial statement that shows changes in equity during the reporting period.

Under IFRS the Statement of Financial Position Is Often Referred