NFRS for SMEs Training

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Join the comprehensive online training course on "NFRS for SMEs" and master the Nepal Financial Reporting Standards tailored for Small and Medium-sized Entities. Starting from the fiscal year 2023-24 (i.e. FY 2080-81), these standards are mandatory, and our course is designed to ease your transition. Conducted via Zoom, the training offers a convenient and interactive platform to understand and implement NFRS for SMEs effectively.

Gain practical knowledge to tackle challenges such as categorization thresholds, major gaps, and first-time adoption guidelines. Ideal for Accountants, Finance Managers, Auditors, and aspiring individuals, this course enhances your expertise in financial reporting standards crucial for SMEs. Invest in your professional growth and ensure compliance with NFRS for SMEs to drive your business forward in a competitive environment. Don't miss out – secure your spot today!  

Course Content  
This comprehensive training on "NFRS for SMEs" is designed to equip small and medium enterprises with the necessary knowledge and skills to implement the Nepal Financial Reporting Standards (NFRS) for SMEs effectively. The topics covered in the sessions are:

Day 1  
1.    Introduction to NFRS based financial reporting framework.  
2.    Categorization thresholds for large entities, SMEs and MEs.  
3.    Major gaps upon transition to NFRS including:  
       a)    Property, plant and equipment.  
       b)    Employee benefit expenses  

Day 2  
3.    Major gaps upon transition to NFRS including:  
       c)    Financial instruments  
       d)    Taxation  
       e)    Foreign exchange transactions.  
4.    Challenges on NFRS implementation and the way out.  
5.    First time adoption guidelines.

Methodology of Training

Below is the basis modality for the delivery of the training:

1. Webinar presentation by Trainer
2. Interactive Activities through Polls and Q/As