do the work as per the files given it is a research topic

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do the work as per the files given it is a research topic


Answered Same DayMay 29, 2021

Answer To: do the work as per the files given it is a research topic

Aklank answered on Jun 01 2021
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The Annual report selected of company Amaysim for year 2018.
Analysis of Expenses
On page No. 60 of the attached annual report of compan
y Amaysim the consolidated statement of comprehensive income is shown. The format of an income statement used by the company is by nature. Here the income statement in which format is by nature the expenses are classified or disclosed according to the nature of the expenses like employee expenses, depreciation expenses, marketing expenses etc.. Company is following the same format in its consolidated statement of comprehensive income. Basically this method for disclosing expenses is used in the single step income statement and used because of its simplicity. One of the drawback using this method is that we can’t able to calculate gross profit in this income statement.
The expenses in the income statement is classified in two different formats one is by nature and other is by function. There are various objectives behind using the different types of classification. Like the small companies mostly uses the by nature classification of income statement due to its simplicity and easiness in understanding and making its also known single step income statement. This statement basically helps us to find the total cost and how the total cost is aggregated and used to value the work in process .On other hand large companies use the by...
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