Statement of Position

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
SOP
Pronunciation
/ˈsteɪtmənt əv pəˈzɪʃən/
Category
Business
Related Field
Accounting

Examples in Context

  1. Also called statement of financial position or statement of assets and liabilities.
  2. This statement is also called the statement of financial position.
  3. Balance sheet is including assets, liabilities and net worth, also called statement of financial position.
  4. The format of the statement of financial position is influenced by the users of this statement and by the regulations within which it is prepared e.g.
  5. The discussion paper will be renamed the balance sheet for the statement of financial position, this is a fundamental change to the current balance sheet.

Other meanings of SOP