Common use of Statement of Financial Position Clause in Contracts

Statement of Financial Position. The format for the balance sheet is shown in Appendix J of the FMG. The description of the funds for reserves must be clear on the financial statements as to whether the funds are in an investment, in term deposits, or in a separate bank account.

Statement of Financial Position. The format for the balance sheet is shown in Appendix J - Balance Sheet of the FMG. The description of the funds for reserves must be clear on the financial statements as to whether the funds are in an investment, in term deposits, deposits or in a separate bank account.