NAS for Micro Entities
Published on: April 15, 2026
? Nepal Accounting Standard for Micro Entities (NAS for MEs) 2018
Presented by: Sarita Tamang Date : 2081.11.28
Organization : R.S & Associates
Definition
Micro Entities are those Entities:
ü Do not have Public Accountability
ü Other than SMEs
Qualifying Criteria (All Must Be Met):
ü Borrowing: NRS 5 Crores or less (BFI or Public funds or
entities holding assets in fiduciary capacity)
ü Balance Sheet Total: NRS 10 Crores or less (Without off-setting current liabilities in current assets)
ü Annual Turnover: NRS 10 Crores or less
ü Assets in Fiduciary Capacity: NRS 5 Crores or less
Conditions:
Must meet all of these limits in 2 consecutive years to qualify
Once qualified, must exceed at least 1 of these limits for 2 consecutive years to cease to qualify
Public Accountability
| PARTICULARS | FULL NFRS | NFRS for SMEs | NAS for MEs |
| Borrowing from banks or financial institutions or public funds or entities holding assets in fiduciary capacity | NRs 50 Crores or more | Above NRs 5 Crores or below NRs 50 Crores | NRs 5 crores or less |
| Balance sheet total (Without off- setting current liabilities with current assets) | NRs 100 Crores or more | Above NRs 10 Crores Crores or below NRs 100 Crores | NRs 10 Crores or less |
Employees including workers in an average | More than 300 | N/A | N/A |
| Annual Turnover | NRs 100 Crores or more | Above NRs 10 Crores Crores or below NRs 100 Crores | NRs 10 Crores or less |
| Holding Assets in fiduciary capacity (Includes security Brokers handling DEMAT account, microfinance and cooperatives) | NRs 50 Crores or more | Above NRs 5 Crores or below NRs 50 Crores | NRs 5 crores or less |