Training Overview
The Nepal Financial Reporting Standards (NFRS) for Small and Medium Enterprises (SMEs) was Initially approved by the Accounting Standards Board, Nepal, in 2075, and later announced by the Institute of Chartered Accountants of Nepal (ICAN) to be optional in FY 2080/81 and mandatory starting from FY 2081/82 (Shrawan 2081). So being ready before the execution of the amended standards will be beneficial in this competitive landscape.
Since the mandatory implementation of these standards can be challenging, this 'NFRS for SMEs' training course is designed to help SMEs fully understand and apply the NFRS in a way that fits their specific needs. The course will explain the complexities of NFRS for SMEs and equip participants with practical knowledge and tools to implement these standards effectively.
Through this training program, Accountants, Accounts officers, Finance Managers, Auditors, and aspiring professionals can enhance their knowledge of financial reporting standards specific to SMEs. This professional development opportunity will support your overall growth and success in a competitive business environment.
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 Financial Reporting Frameworks and NFRS for SMEs.
2. Major gaps upon transition to NFRS for SMEs, including:
a) Property, plant and equipment.
b) Employee benefit expenses
Day 2
1. Accounting for investments and financial instruments
2. Accounting for Exchange Differences
3. Lease accounting
Day 3
1. Deferred taxation
2. First time adoption of NFRS for SMEs
3. Preparation of Financial Statements
Methodology of Training
Below is the basic modality for the delivery of the training:
After completion of this Course
For more information and to enroll, click “HERE”
