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Basic FAQs on NFRS
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What is NFRS.
Why is it needed.
When should it be applied.
How to apply it.
This video covers the basic aspects of NFRS which is the standards prepared by Accounting Standards Board Nepal and implemented by The Institute of Chartered Accountants of Nepal.
Covers introduction to versions of NFRS. How to select the right version for your business, the criteria. Public Accountability, Economic Significance, etc.
NFRS is effective for Business who publish General purpose Financial Statements for External Users. What are the tasks to be completed for first time adoption of NFRS.
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Basic FAQs on NFRS
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