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Financial Accounting II Lecture 10

Financial Accounting II Lecture 10

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Published by Mohsin

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Categories:Types, Business/Law
Published by: Mohsin on Nov 23, 2009
Copyright:Attribution Non-commercial


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Financial Accounting IILecture 10
The Fourth Schedule to theCompanies Ordinance 1984 hasprescribed following additional headsin case of non-current / long termassets.
Long Term Loans and Advances
Long Term Deposits, Prepaymentsand Deferred Costs
Other Non-Current Assets
Following information must be disclosed in thefinancial statements in case of long term loans andadvances.
Amounts considered good, doubtful and baddistinguishing between:
Loans and advances to subsidiarycompanies, controlled firms, managedmodarbas and other associated companies.
Loans and advances to chief executive,directors and executives of the company.
Other loans and advances.
Long Term Loans and Advances

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