Free essys, homework help, flashcards, research papers, book report, term papers, history, science, politics • Even if the IAS No.1 does not prescribe any particular format for preparation of balance sheet, but the balance sheet prepared applying IFRS presents noncurrent assets and liabilities ahead of current assets and liabilities, that is being followed in AF’s balance sheet. On the contrary, in balance sheet prepared under US GAAP, current ... The Order of Liquidity rule is only relevant to Balance Sheet Accounts and so it is not used for Revenue and Expenses because neither Type has lasting value or ability to convert to cash. When sorting Revenue and Expense Accounts, organize them by general subjects. View Kim Geidelberg’s profile on LinkedIn, the world's largest professional community. Kim has 32 jobs listed on their profile. See the complete profile on LinkedIn and discover Kim’s connections and jobs at similar companies.