Nepal Accounting Standards for Not-for-Profit Organizations (NAS for NPOs) 2018.

  Table of Contents
  Chapter I
1 Preface
2 Accounting Framework for Financial Reporting
2.1 Users and their information needs
2.2 Qualitative characteristics of useful financial information
2.3 The cost constraint on useful financial reporting
2.4 Underlying assumption
3 Applicability
4 Reporting entity
5 Double-entry bookkeeping and accrual
6 Financial statements
7 Determination of accounting policies
8 Accounting policies, errors and accounting estimates
9 Classification of financial statements
10 Preparation of comparative financial statements
  Chapter II
  Statement of Financial Position
11 Financial position
12 Creating value of financial position
12.1 Recognition of assets and liabilities
12.2 Current and non-current assets
12.3 Assets and liabilities items are presented in Financial Statement ranking from liquidity
12.4 Assets and liabilities are not presented net in the Financial Statement.
13 Current assets
14 Inventories
14.1 Measurement of inventories
14.2 Cost of inventories
15 Investments
16 Property, plant & equipment
16.1 Land
16.2 Property, plant and equipment
17 Tangible assets
18 Intangible assets
19 Other non-current assets
20 Floating debts and current liabilities
21 Non-current liabilities
22 Accumulated fund and reserve
23 Net assets without restrictions
24 Fair value
  Chapter III
  Statement of Income and Expenditure
25 Statement of income expenditure
26 Standards of statement of income and expenditure
27 Business profits
28 Revenue recognition and measurement:
29 Revenue recognition of government grants
30 Business expenses
31 Common cost allocation
32 Business income
33 Business expenses
34 Income tax expense
35 Foreign currency translation
  Chapter IV
  Cash Flows Statement
36 The purpose of the cash flow statement
37 Preparation of cash flow statement
38 Cash flow from operating activities
39 Method of preparation of cash flow statement
40 Cash flow from operating activities
41 Cash flow from investing activities
42 Cash flow from financing activities
  Chapter V
  Recognition and Measurement of Assets
43 Recognition criteria for assets
44 Measurement and recognition of restricted fund
45 Accounts receivable and revaluation of receivables
46 Assessment of tangible assets and intangible assets
47 Revaluation of PPE
48 Revaluation of investment in securities
49 Valuation of accrued severance benefits
50 Definition
51 Essential requirements of disclosures
52 Disclosure of restricted and unrestricted fund
53 Optional disclosures
54 Explanatory notes (notes to Financial Statements)
55 Applicability
56 Transitional provisions
  Guidelines for NAS for NPOs
1 Statement of Financial Position
2 Statement of Income & Expenditure
3 Statement of Changes in Reserves
4 Statement of Cash Flows
5 Fund Accountability Statement
6 Statement of Budget and Expenditure
7 Statement of Accounting Policies and Notes to the Financial Statements


ASB Nepal has prepared the Definition of NPOs, Please click on the following link to view/download.



Effective Date of NAS for NPOs 2018
Voluntary Compliance: Till 2080 Ashadh end
Mandatory Compliance: From 2080 Shrawan 01



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