IPSAS $1$ 'Presentation of Financial Statements' requires that an entity should determine whether or not to present current and non$-$current assets and current and non$-$current liabilities as separate classifications on the face of the statement of financial position.

When an entity chooses not to make this classification, then:

A$.$ The classification must be disclosed in the notes

B$.$ Assets and liabilities should be presented broadly in line with their liquidity

C$.$ Assets and liabilities should be presented in order of the magnitude of the current period balances

D$.$ Assets and liabilities must be separated broadly into those related to operating, investment and financing purposes