Nepal Financial Reporting StandardsNFRS

NFRS are issued by the Accounting Standards Board (ASB) Nepal and pronounced by the Institute of Chartered Accountants of Nepal (ICAN). They were developed on the basis of IFRS so that Nepali financial statements become comparable with international practice. Standards carried over from IAS are numbered as NAS (for example NAS 1 Presentation of Financial Statements, NAS 7 Statement of Cash Flows) while those based on IFRS are numbered as NFRS (for example NFRS 9 Financial Instruments).

Key changes NFRS brought for banks include fair value measurement of many investments, recognition of interest using the effective interest rate method, impairment of loans and, under NFRS 9, the expected credit loss (ECL) model instead of purely rule-based provisioning. The statements comprise the statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity, statement of cash flows and notes.

NRB directed commercial banks to publish NFRS-based financial statements and issues formats and carve-outs, and later guidelines on ECL, for BFIs.

ICAN made NFRS mandatory for Class A institutions from FY 2015/16, and NRB later issued the circular and formats requiring commercial banks to publish NFRS-based statements.

NFRS लेखामान बोर्ड नेपालले जारी गर्ने र नेपाल चार्टर्ड एकाउन्टेन्ट्स संस्था (ICAN) ले घोषणा गर्ने लेखामान हुन्। नेपाली वित्तीय विवरणलाई अन्तर्राष्ट्रिय अभ्याससँग तुलनायोग्य बनाउन IFRS को आधारमा तयार गरिएका हुन्। IAS बाट आएका मानलाई NAS (जस्तै NAS 1, NAS 7) र IFRS बाट आएकालाई NFRS (जस्तै NFRS 9 वित्तीय उपकरण) भनिन्छ।

बैंकका लागि मुख्य परिवर्तन: लगानीको उचित मूल्य मापन, प्रभावकारी ब्याजदर विधिबाट ब्याज आम्दानी, कर्जाको impairment र NFRS 9 अन्तर्गत अपेक्षित कर्जा नोक्सानी (ECL) मोडल। नेपाल राष्ट्र बैंकले वाणिज्य बैंकलाई NFRS अनुसार वित्तीय विवरण प्रकाशन गर्न निर्देशन दिई ढाँचा र ECL सम्बन्धी मार्गदर्शन जारी गरेको छ।

ICAN ले आर्थिक वर्ष २०७२/७३ देखि क वर्गका संस्थामा NFRS अनिवार्य गरेको थियो र पछि नेपाल राष्ट्र बैंकले परिपत्र र ढाँचा जारी गरी वाणिज्य बैंकलाई NFRS अनुसार वित्तीय विवरण प्रकाशन गर्न निर्देशन दियो।