Point out the general objectives of Nepal Financial Reporting Standard (NFRS).
The general objectives of Nepal Financial Reporting Standards (NFRS) are as follows:
1. Enhancing Transparency: NFRS aims to improve the transparency and comparability of financial statements, enabling stakeholders to make informed decisions. By setting clear and comprehensive guidelines for financial reporting, it ensures that relevant and reliable information is provided to users of financial statements.
2. Facilitating Accountability: NFRS seeks to enhance accountability by establishing a...