Expenses - By Nature or By Function
Else Grech Accounting
Published at : 19 Jan 2021
Expenses may not be a line item that is specifically required by Canadian IFRS but there are definitely requirements in connection with how expenses are presented on the statement of income / comprehensive income. This video provides an explanation of expenses presented by nature and by function so students clearly understand the requirements and the difference.
IFRS statement of incomeIFRS income statementIFRS statement of comprehensive income