WHO SHOULD ATTEND

Finance Managers, Finance Officers, Accountants, SME owners, Auditors of SMEs and Aspirant Individuals who wants to advance in the field of Accounting

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

Practical demonstrations using PowerPoint presentations and Excel
Direct Q/A sessions with the expert trainer to make it more interactive
Real-life examples and case studies will be used to explain key concepts.

Payment Options
Advance payment prior to attending the training is a must. Payment options include:

Online payment through the merojob website, bank and QR
Payment once done is non-refundable.

After completion of this Course

All participants will receive Course materials, including but not limited to presentation slides, recordings, Financial Statement Templates and handouts for future reference.
Recorded videos will be provided, with a validity period of 3 months from the training date.
A soft copy of the Certificate of Participation will be provided.

(Training certificate shall be provided after completion of training within 6 working days upon full attendance)

Mr. Prabin Baral

(Fellow Chartered Accountant (FCA))

Resource Person

Mr. Prabin Baral is a highly accomplished professional with extensive expertise in accounting and finance. Holding the esteemed designation of Chartered Accountant from both the Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants of Nepal (ICAN), Mr. Prabin brings a strong foundation of knowledge and skills to his practice. Additionally, he holds a Bachelor of Commerce degree from Indira Gandhi National Open University (IGNOU), further solidifying his academic credentials.

With a distinguished career spanning several years, Mr. Prabin currently serves as the Principal at B.P. Associates, Chartered Accountants, located in Kathmandu. In this capacity, he has gained extensive experience in various facets of financial management, including NFRS implementation, tax advisory services, statutory audits, and financial consulting. His adeptness in these areas has earned him recognition as a trusted advisor among clients and peers alike.

Mr. Prabin's expertise extends beyond his role at B.P. Associates, as he actively contributes as a resource person for numerous prestigious organizations. He has lent his insights and knowledge to entities such as the Institute of Chartered Accountants of Nepal, the Ministry of Finance, the Public Expenditure and Financial Accountability (PEFA) Secretariat, and the Auditors Associations of Nepal. Through his training sessions and consultations, Mr. Prabin has played a pivotal role in shaping the financial landscape and empowering professionals to navigate complex financial environments effectively.

For Registered Merojob User

NRs. 1,499/- 2,499/-

Use Code NFRS1499 at checkout to get this discount. Enroll Now

For Non Registered User NRs. 2,499/- Click Here to Enroll

Key Takeaways

Gained knowledge of financial reporting frameworks with a focus on NFRS for SMEs
Identified common gaps and challenges during the transition to NFRS for SMEs
Covered important accounting topics including property, plant and equipment, employee benefits, leases, investments, and financial instruments
Understood technical areas such as accounting for exchange differences, deferred taxation, and first-time adoption of NFRS for SMEs
Learned the process of preparing financial statements in line with NFRS for SMEs requirements

* Note: All the prices are inclusive of taxes

NFRS for SMEs Training | Batch 6

WHO SHOULD ATTEND

Mr. Prabin Baral

Resource Person

NRs. 1,499/- 2,499/-

Key Takeaways

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