Nepal Accounting Standards

As per the decision of the Council, the following Nepal Accounting Standards have been made Mandatory for Compliances. The standards in Italics are revised / new Standards which will be effective from 1st Shrawan 2065 corresponding to 16 July 2008 and those in bold are effective from the date as mentioned below. Effective Date (Original) 1 Shrawan 2061 (16 July 2004) 1 Shrawan 2061 (16 July 2004) 1 Shrawan 2061 (16 July 2004) 1 Shrawan 2061 (16 July 2004) 1 Shrawan 2061 (16 July 2004) 1 Shrawan 2061 (16 July 2004) 1 Shrawan 2062 (16 July 2005) 1 Shrawan 2062 (16 July 2005) 1 Shrawan 2064 Effective Date

S.No. NASs IASs

Name Framework for the Preparation and Presentation of Financial Statements

Presentation of Financial Statements

Accounting Policies, Changes Accounting Estimates & Errors

Cash Flow Statements

Inventories

10

Events After the Balance Sheet Date

16

Property, Plant and Equipment

18

Revenue

8 9

8 9

23 12

Borrowing Costs Income Taxes

1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008)

10

10

11

11

12

12

13

13

14

15

15

16

16

17

17

18

18

19

19

20

(16 July 2007) 1 Shrawan Accounting for Government Grants and 2063 20 Disclosure of Government Assistance (16 July 2006) 1 Shrawan The Effects of Changes in Foreign Exchange 2063 21 Rates (16 July 2006) 1 Shrawan Provisions, Contingent Liabilities and Contingent 2063 37 Assets (16 July 2006) 1 Shrawan 2063 11 Construction Contract (16 July 2006) 1 Shrawan 2064 17 Leases (17 July 2007) 1 Shrawan 2064 24 Related Party Disclosures (17 July 2007) 1 Shrawan 2064 34 Interim Financial Reporting (17 July 2007) 1 Shrawan 2064 36 Impairment of Assets (17 July 2007) 1 Shrawan 2064 40 Investment Property (17 July 2007) 1 Shrawan IFRS Non-current Assets Held for Sale and 2064 5 Discontinued Operations (17 July 2007)

1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 1 Shrawan 2065 (16 July 2008) 6 Shrawan 2064 (22 July 2007) 6 Shrawan 2064 (22 July 2007) 6 Shrawan 2064 (22 July 2007)

The following Nepal Accounting Standards are for voluntary compliances:

S.No. NASs IASs Name Effective Date Effective Date (Original)

1 2 3 4 5 6 7

14 21 23 24 25 26 27

19

Employee Benefits

IFRS Business Combinations 3 14 26 28 33 38 Segment Reporting Accounting and Reporting by Retirement Benefit Plans Investment in Associates Earning per Share Intangible Assets

1 Shrawan 2064 (17 July 2007) 1 Shrawan 2064 (17 July 2007) 1 Shrawan 2064 (17 July 2007) 24 Magh, 2064 (7February 2008) 1 Shrawan 2064 (17 July 2007) 1 Shrawan 2064 (17 July 2007) 1 Shrawan 2064 (17 July 2007)

6 Shrawan 2064 (22 July 2007) 6 Shrawan 2064 (22 July 2007) 6 Shrawan 2064 (22 July 2007) 24 Magh, 2064 (7February 2008) 6 Shrawan 2064 (22 July 2007) 6 Shrawan 2064 (22 July 2007) 6 Shrawan 2064 (22 July 2007)

Member Login
Top of Form

Login Name Password Login

Bottom of Form

Do not have login?Please login with Your Membership No. as login name and Date of Birth (yyyy/mm/dd) as password.
eg. Login Name = CA-XXX , Password = 2030/02/25

Notice
Notice Regarding Latest Council Decision
Notice Regarding Latest Council Decision more

SAFA Forum Program Schedule Kuala Lumpur

SAFA Forum Program Schedule Kuala Lumpur more

Notice for Submission of Examination Forms

Notice for Submission of Examination Forms more

Invitation to Join a Panel of Resource Person (Education)

Invitation to Join a Panel of Resource Person (Education) more

Request for Expression of Interest for Outsourcing of CPE Training

Request for Expression of Interest for Outsourcing of CPE Training more

NCASA Fee
NCASA Fee more

Notice to Members
Notice to Members more

Invitation to Join a Panel of Resource Person

Expression of Interest more

Chartered Accountancy JUNE 2010 Result

Chartered Accountancy JUNE 2010 Result more

Accounting Technician Examination Notice

Accounting Technician Examination Notice more

Members Renewal Notice

Members Renewal Notice more

Notice to Members
Notice to Members more View All

Feedback
Top of Form

Post
Bottom of Form

Home || FAQ || Downloads || Contact Us || Site Map

copy 2010 The Institute of Chartered Accountants of Nepal (ICAN) Designed and Developed by Global IT VIEWED