09-19-2003, 02:27 AM
Oh yes, I got the answer, there is a contradiction b/w IAS and CO 1984 so law is dominant, according to 4th schedule the company has to disclose "proposed dividend" under the head current liabilities,
but the confusion is, the Directors must have to disclose the departure from IAS 10 regarding such accounting treatment,
as it is the requirement of Code of corporate governance, but i m surprised that no company did that.
S M R
but the confusion is, the Directors must have to disclose the departure from IAS 10 regarding such accounting treatment,
as it is the requirement of Code of corporate governance, but i m surprised that no company did that.
S M R
