Business GCSE
Asset and liability classification
What Asset and liability classification means in Business GCSE, as defined for AQA.
Definition of Asset and liability classification
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Reference: AQA
The statement of financial position has non-current assets, current assets, current liabilities and non-current liabilities as its main components.
Topics that use Asset and liability classification
Related terms
- Assets
- Average Rate of Return (ARR)
- Business decision making
- Calculating and comparing ratios and totals
- Cash Flow Forecast
- Causes and consequences of financial change
- Financial interpretation and comparison
- Financial reporting
Using Asset and liability classification in the exam
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