What are the iGAAP requirements with respect to expense classification?

Question

Robert · Accepted Answer

What are the iGAAP requirements with respect to expense classification? 
Under iGAAP expenses must be classified by either nature or function. The IGAAP 
Classification of expenses with respect to nature leads to descriptions which includes 
the following: 
1. salaries, 
2.  depreciation expense, 
3.  Utilities expense and so on.

What are the iGAAP requirements with respect to expense classification?

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment