It is intended for sale or consumption within the entity’s normal operating cycle.

Also known as the "Long-term Assets"

Following are accounts under________.•Trade and other payable•Provision•Financial liabilities•Liabilities for taxes

Following are accounts under _________________.•Cash and cash equivalents•Trade and other receivables•Inventories•Biological assets•Investments•Financial assets•Investment property•Property, plant, and equipment

Two types of Financial Statement Account:

This is what the business owes.

What is NOT part of FS headings.

Also called as Balance Sheet.

Refers to the financial obligations of a company that are not expected to be settled within one year.

A liability expected to be settled in the entity’s normal operating cycle.

These are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings.

Retained Earning can be found under _____________.

This is what the business owns.