A statement of change in a financial position typically would NOT disclose the effect of dividends on share declared. Explanation:A statement of changes in financial position is a statement that outlines the causes of a change in the financial position of a company during an accounting period. These causes are reflected in the movement of funds viz. , inflows, and outflows of funds during the period. Therefore, it is called Funds Flow Statement in which the inflows are shown as sources of funds, and the outflows are shown as applications or uses of funds. The difference between the two (inflows and outflows) indicates the net changes (increase or decrease) in the position of funds during the accounting period. Accounting Standard (Revised) - 3 has made funds flow statement redundant and prescribed cash flow statement. Funds flow statement provides some further insight into the Balance Sheet and particularly shows how the firm is able to get money to take up several activities. It is possible to know what is the kind of funds mix that the firm is using particularly a comparison of internal and external funds. For instance, Ranbaxy heavily uses internal funds and depend little on external funds. In contrast, Aurobindo Pharma Ltd. another major player in the pharmaceutical industry uses debt substantially for funding its activities. Thus, a statement of change in financial position discloses information about items that affect balance sheet items of the company like the issue of share capital and its application and investments in financial instruments like treasury stock. Also, cash dividends declared but not paid will appear on the liability side of the balance sheet. Thus, its effect will be disclosed in the statement of change in financial position. ?However, the statement of change in financial position won't disclose information about dividends on shares declared as the journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account). This will nullify (net off) the overall effect.