The basis that the statement was prepared in according with (accrual basis or cash basis).

choose a statement of financial position for one of the listed corporation in Kuwait Stock Exchange and write an article that show their understanding regarding the preparation of the statement of financial position includes:
1.The basic measurements that might be used to prepare the statement of financial position (fair value, historical cost, par value, NRV, present value and market value)

2.The basis that the statement was prepared in according with (accrual basis or cash basis).

3.The basic components of the statement of financial position.
NOTE:
PLEASE MAKE SURE TO USE SIMPLE WORDS
NOT TOO MANY REFERENCES
WE USE TURN-IT-IN PROGRAM SO THE PLAGIARISM RATE MUST NOT EXCEED 10% AND ALSO THE SIMILARITY RATE NOT MORE THAN 13%
USE SIMPLE WORDS, AND MAKE IT A STANDARD (A STUDENT PAPER) NOT A PROFFESSIONAL.

thank you

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