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 |
CHAPTER VI | |
Disclosures | |
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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