Nepal Accounting Standards
As per the decision of the Council, the following Nepal Accounting Standards have been made Mandatory for Compliances.
| S.No. | NASs | IASs | Name | Effective Date (Original) |
Revised Date |
|---|---|---|---|---|---|
| Framework for the Preparation and Presentation of Financial Statements | |||||
| 1 | 1 | 1 | Presentation of Financial Statements | 1 Shrawan 2061 (16 July 2004) |
1 Shrawan 2065 (16 July 2008) |
| 2 | 2 | 8 | Accounting Policies, Changes Accounting Estimates & Errors | 1 Shrawan 2061 (16 July 2004) |
1 Shrawan 2065 (16 July 2008) |
| 3 | 3 | 7 | Cash Flow Statements | 1 Shrawan 2061 (16 July 2004) |
1 Shrawan 2065 (16 July 2008) |
| 4 | 4 | 2 | Inventories | 1 Shrawan 2061 (16 July 2004) |
1 Shrawan 2065 (16 July 2008) |
| 5 | 5 | 10 | Events After the Balance Sheet Date | 1 Shrawan 2061 (16 July 2004) |
1 Shrawan 2065 (16 July 2008) |
| 6 | 6 | 16 | Property, Plant and Equipment | 1 Shrawan 2061 (16 July 2004) |
1 Shrawan 2065 (16 July 2008) |
| 7 | 7 | 18 | Revenue | 1 Shrawan 2062 (16 July 2005) |
1 Shrawan 2065 (16 July 2008) |
| 8 | 8 | 23 | Borrowing Costs | 1 Shrawan 2062 (16 July 2005) |
1 Shrawan 2065 (16 July 2008) |
| 9 | 9 | 12 | Income Taxes | 1 Shrawan 2064 (16 July 2007) |
|
| 10 | 10 | 20 | Accounting for Government Grants and Disclosure of Government Assistance | 1 Shrawan 2063 (16 July 2006) |
1 Shrawan 2065 (16 July 2008) |
| 11 | 11 | 21 | The Effects of Changes in Foreign Exchange Rates | 1 Shrawan 2063 (16 July 2006) |
1 Shrawan 2065 (16 July 2008) |
| 12 | 12 | 37 | Provisions, Contingent Liabilities and Contingent Assets | 1 Shrawan 2063 (16 July 2006) |
1 Shrawan 2065 (16 July 2008) |
| 13 | 13 | 11 | Construction Contract | 1 Shrawan 2063 (16 July 2006) |
1 Shrawan 2065 (16 July 2008) |
| 14 | 15 | 17 | Leases | 1 Shrawan 2064 (17 July 2007) |
1 Shrawan 2065 (16 July 2008) |
| 15 | 16 | 24 | Related Party Disclosures | 1 Shrawan 2064 (17 July 2007) |
1 Shrawan 2065 (16 July 2008) |
| 16 | 17 | 34 | Interim Financial Reporting | 1 Shrawan 2064 (17 July 2007) |
1 Shrawan 2065 (16 July 2008) |
| 17 | 18 | 36 | Impairment of Assets | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
| 18 | 19 | 40 | Investment Property | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
| 19 | 20 | IFRS 5 | Non-current Assets Held for Sale and Discontinued Operations | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
The following Nepal Accounting Standards are for voluntary compliances:
| S.No. | NASs | IASs | Name | Effective Date (Original) |
Effective Date |
|---|---|---|---|---|---|
| 1 | 14 | 19 | Employee Benefits | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
| 2 | 21 | IFRS 3 | Business Combinations | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
| 3 | 23 | 14 | Segment Reporting | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
| 4 | 24 | 26 | Accounting and Reporting by Retirement Benefit Plans | 24 Magh, 2064 (7February 2008) |
24 Magh, 2064 (7February 2008) |
| 5 | 25 | 28 | Investment in Associates | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
| 6 | 26 | 33 | Earning per Share | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
| 7 | 27 | 38 | Intangible Assets | 1 Shrawan 2064 (17 July 2007) |
6 Shrawan 2064 (22 July 2007) |
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