See W. W. Menzies, Anointed to Serve (1971).
Statements 1-6 are common confessions, typical of a traditional, conservative Christian denomination, including Biblical inspiration and infallibility. Baptism by water is considered an "ordinance" and is required. The Lord's Supper (or "Holy Communion") is grouped with the ordinances and is specifically termed a "symbol".
Statements 7 and 8 present a Pentecostal view of the work of the Holy Spirit. Baptism in the Holy Spirit is affirmed as "distinct from and subsequent to the experience of the new birth." Its attainment is manifested by speaking in tongues (glossolalia).
Statements 10 and 11 concern the church, and they are broadly evangelical but with a distinct emphasis on the supernatural aspect of the Holy Spirit's work.
Statement 12 concerns divine healing. The official church teaching is that Christ paid for all physical suffering with his atoning work and that as a consequence, when Christians get sick they can be supernaturally healed by the Holy Spirit.
Statements 13-16 deal largely with the subject of eschatology. The Assemblies of God has a premillennial dispensationalist perspective on the future, including belief in the rapture and a literal earthly millennium.