As Nepal is moving towards global accounting standards, many companies must deal with the challenges in implementing Nepal Financial Reporting Standards (NFRS). The complexities of converting to NFRS pose a considerable drain on time and resources for any financial department, requiring potentially hundreds of hours of work to deal effectively with all matters arising. NFRS is more than just a technical accounting exercise and needs to be viewed and considered as an important business priority.
Using specialist teams, we can provide you training and assistance, managing the complete conversion process. We offer a four-stage process for clients requiring NFRS conversion, including:
- Preliminary assessment
- Conversion planning
- Conversion of Financial Statements into NFRS
- Valuation Services like valuation of investment, property, plant & equipment, actuarial liabilities etc.
- NFRS Training
Whether it is describing the differences in reconciliations of published accounts or providing a clear audit trail for boards and auditors, our conversion tools and proven methodology can ensure a smooth and painless transition to NFRS.