The harmonisation of accounting standards is taking the heat in the present context. Many countries have already adopted IAS/IFRS (International Accounting Standards/International Financial Reporting Standards) as part of their reporting requirements and many are in the process of transitioning towards the same. Nepal too is in this dynamic eco-system, cannot remain isolated and has moved towards the gradual process of embracing the global trend of IAS/IFRS.

Core area of the Syllabus:

IAS 1- Presentation of Financial Statements

IAS 8- Accounting policies, changes in accounting estimates and errors

IAS 10- Events after the reporting period

IAS 16- Property, plant and equipment

IAS 38- Intangible assets

IAS 23- Borrowing costs

IAS 36- Impairment of assets

IAS 40- Investment property

IAS 41- Agriculture

IAS 2- Inventories

IFRS 5- Noncurrent assets held for sale and discontinued operations

IAS 20- Accounting for government grants and Disclosure of government assistance

IFRS 16- Leases

IFRS 8- Operating segments

IFRS 15- Revenue from Contracts with Customers

IFRS 15- Revenue from Contracts with Customers Contd.

IAS 37- Provisions, Contingent Liabilities and Contingent Assets

IFRS 6- Exploration for and evaluation of mineral resources

IAS 12- Income Taxes

IFRS 2- Shared Based payment

IAS 21- The effects of changes in foreign exchange rates

Group Accounting

IAS 33- Earnings per share

IAS 19- Employee benefits

IFRS 13- Fair Value measurement

IFRS 1- First time adoption of IFRS

IFRS for SME's

IAS 24- Related party disclosures

Practice session

Financial Instruments

Financial Instruments Contd.