Ahmed, a foreign qualified accountant, has recently returned to Pakistan and has joined a newly incorporated company
Question:
Ahmed, a foreign qualified accountant, has recently returned to Pakistan and has joined a
newly incorporated company Radium Limited (RL), a subsidiary of a listed company.
Ahmed has been entrusted with preparing the notes on ‘Property, plant and equipment’ in
the financial statements of RL for the year ended 28 February 2023. While preparing the
notes, Ahmed has complied with all the disclosure requirements of IAS 16, however, he is
unaware of additional disclosures required by the Companies Act, 2017.
Required:
List down the disclosure requirements related to ‘Fixed Assets’ as provided in the fourth
schedule of the Companies Act, 2017.
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk