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NFRS on Financial Instruments: Classification & Impairment (Loan Loss Provision)

Kathmandu: NBA in coordination with TIMES Research & Training Institute organized a training program on “NFRS on Financial Instruments: Classification & Impairment (Loan Loss Provision)”. The objective of the program was to provide insights on the impairment testing model as per NAS 39; to impart practical knowledge on impairment testing (loan loss provision) with illustrative examples, to provide guidance on maintaining database requirement for current LLP and LLP as per NAS 39 and NFRS 9; to provide insights on carve outs proposed by NBA and approved by ASB & ICAN.


The event mainly focused on theoretical as well as practical aspects of NAS 39 & NFRS 9, data required for impairment testing and database management, session on IFRS/NFRS implementation in banks/insurance/hydropower, group work on impairment testing, etc.