Capsul Tube
Monday, February 21, 2011
A value added statement (VAS) is a statement showing the net added value of a business firm during a certain period on its total transaction. The main purpose of value added statement (VAS) is to ascertain how much of the total net value was added and how it was distributed to the contributors of the value. Therefore, a value added statement (VAS) is regarded as a part of social responsibility accounting. A value added statement shows the wealth or value created and attributed to all stakeholders rather than just the shareholders. While the income statement reports on the income of shareholders, the value added statement(VAS) reports on the income earned by a large group of stakeholders, all the providers of capital plus employees and the government.
