WHO SHOULD ATTEND

SME owners, Finance Managers, Finance Officers, Accountants, Auditors of SMEs and Aspirant Individuals who wants to make career in Accounting

Training Overview

Initially approved by the Accounting Standards Board, Nepal, in 2075, the NFRS for SMEs standards were 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.

Recognizing the challenges faced due to mandatory implementation of these standards, our training course on "NFRS for SMEs" is meticulously designed to provide a comprehensive understanding of the Nepal Financial Reporting Standards (NFRS) for SMEs tailored specifically to their needs. The course will explain the complexities of NFRS for SMEs and equip participants with practical knowledge and tools to implement these standards effectively.

By participating in this training, Accountants, Accounts officers, Finance Managers, Auditors, and aspiring professionals can enhance their knowledge of financial reporting standards specific to SMEs. This investment in training 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:

Webinar presentation by Trainer
Interactive Activities through chat and Q/As sessions

After completion of this Course

Resource files and templates will be provided
A soft copy of the Certificate of Participation will be provided (Training certificate shall be provided 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 a wealth of 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 amassed extensive experience in various facets of financial management, including NFRS implementation, tax advisory, 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 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.

NRs. 1,599/-

Merojob User gets discount on above price.

If you are interested for this Training, please fill the form below. We Shall contact to you once the training date is confirmed.

I am Interested 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 5

WHO SHOULD ATTEND

Training Overview

Mr. Prabin Baral

Resource Person

NRs. 1,599/-

Key Takeaways

Sagar Dhital

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