AASB 101 Presentation of Financial Statements requires all current and non-current assets to be presented in the statement of financial position in the order of maturity.

Question

Quizplus · Accepted Answer

AASB 101 does not require assets to be presented in the statement of financial position in the order of maturity. Instead, it requires assets to be presented in the order of liquidity, with the most liquid assets presented first.

AASB 101 Presentation of Financial Statements Requires All Current and Non-Current