Under international financial reporting standards (IFRS), a Balance Sheet may also be called a Statement of Financial Position.

Name: Under international financial reporting standards (IFRS), a Balance Sheet may also be called a Statement of Financial Position.
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Under IFRS, the term "Statement of Financial Position" is used interchangeably with "Balance Sheet," and both refer to the financial statement that reports a company's assets, liabilities, and equity at a specific point in time.

Under International Financial Reporting Standards (IFRS), a Balance Sheet May