financial position
Definition
Status of the assets, liabilities, and owners' equity (and their interrelationships) of a firm, as reflected in its financial statements. Also called financial condition.
financial position is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
financial position appears in the definitions of the following terms:
prospectus,
massaging the figures,
balance sheet,
auditor's adverse opinion,
indemnity principle,
statement analysis,
adjusting events,
balance sheet ratios,
inflation accounting,
duty of care
and
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