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Financial Reporting

The preparation of the financial reports as per the prevalent accounting standards has been a major challenge for businesses in Nepal. Fortune Advisory Group is assisting both corporate and non-corporate entities to prepare true and fair financial statements as per the accounting standards of Nepal. Currently, these are the accounting standards applicable in Nepal for various categories of the organizations.

  • Nepal Financial Reporting Standard (NFRS)
  • Nepal Financial Reporting Standard for Small and Medium Enterprises (NFRS for SMEs)
  • Nepal Accounting Standard for Micro-Entities (NAS for MEs)
  • Nepal Accounting Standards for Non-Profit Organizations (NAS for NPOs)

Fortune Advisory Group provides consultancy to resolve the various complications of the financial reporting that may arise during the adoption or continuation of the applicable accounting standards.

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Phone No: +977 9802351900
Email: info@advisoryfortune.com
Location: 4th Floor, Omega Building, Shantinagar

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Start-ups and Entrepreneurs are the future of Nepal, but management of start-ups to achieve healthy growth and success has been major challenge in Nepal. Fortune Advisory Group has been helping various entrepreneurs for the business management in the financial and non-financial aspects along with providing financing opportunities to the entrepreneurs through various modes to ultimately sustain and grow the start-ups.

Fortune Advisory Group provides various seminars and training to the targeted audience to provide the insights on any new development in the economic scenario of Nepal and practical knowledge in the market. The seminars are conducted through the team of our experts on various technical aspects and legal aspects of financial world. The training are provided to make the personnel familiar with the recent development in theoretical and practical aspects through various modes.

Fortune Advisory Group provides various seminars and training to the targeted audience to provide the insights on any new development in the economic scenario of Nepal and practical knowledge in the market. The seminars are conducted through the team of our experts on various technical aspects and legal aspects of financial world. The training are provided to make the personnel familiar with the recent development in theoretical and practical aspects through various modes.

Fortune Advisory Group provides various seminars and training to the targeted audience to provide the insights on any new development in the economic scenario of Nepal and practical knowledge in the market. The seminars are conducted through the team of our experts on various technical aspects and legal aspects of financial world. The training are provided to make the personnel familiar with the recent development in theoretical and practical aspects through various modes.

Fortune Advisory Group provides various seminars and training to the targeted audience to provide the insights on any new development in the economic scenario of Nepal and practical knowledge in the market. The seminars are conducted through the team of our experts on various technical aspects and legal aspects of financial world. The training are provided to make the personnel familiar with the recent development in theoretical and practical aspects through various modes.

Fortune Advisory Group provides various seminars and training to the targeted audience to provide the insights on any new development in the economic scenario of Nepal and practical knowledge in the market. The seminars are conducted through the team of our experts on various technical aspects and legal aspects of financial world. The training are provided to make the personnel familiar with the recent development in theoretical and practical aspects through various modes.

Fortune Advisory Group provides various seminars and training to the targeted audience to provide the insights on any new development in the economic scenario of Nepal and practical knowledge in the market. The seminars are conducted through the team of our experts on various technical aspects and legal aspects of financial world. The training are provided to make the personnel familiar with the recent development in theoretical and practical aspects through various modes.

Fortune Advisory Group provides various seminars and training to the targeted audience to provide the insights on any new development in the economic scenario of Nepal and practical knowledge in the market. The seminars are conducted through the team of our experts on various technical aspects and legal aspects of financial world. The training are provided to make the personnel familiar with the recent development in theoretical and practical aspects through various modes.

Fortune Advisory Group has been providing business management services to the small and medium business to efficiently operate the business with proper system and adhering to compliances applicable. Some of the services that Fortune Advisory Group is providing for the small and medium businesses includes the following

  • Accounting and Book-Keeping
  • Payroll Management
  • Stock Management
  • Management Reporting
  • Financial Modelling

The preparation of the financial reports as per the prevalent accounting standards has been a major challenge for businesses in Nepal. Fortune Advisory Group is assisting both corporate and non-corporate entities to prepare true and fair financial statements as per the accounting standards of Nepal. Currently, these are the accounting standards applicable in Nepal for various categories of the organizations.

  • Nepal Financial Reporting Standard (NFRS)
  • Nepal Financial Reporting Standard for Small and Medium Enterprises (NFRS for SMEs)
  • Nepal Accounting Standard for Micro-Entities (NAS for MEs)
  • Nepal Accounting Standards for Non-Profit Organizations (NAS for NPOs)

Fortune Advisory Group provides consultancy to resolve the various complications of the financial reporting that may arise during the adoption or continuation of the applicable accounting standards.

Legal compliance encompasses adherence to the compliance of various laws, rules and regulations and notices that are applicable for an entity of any sectors or industries. An entity should be continuously vigilant for any changes and updates in the legal provisions to ensure that the compliance procedures are being followed. Fortune Advisory Group provides excellent client centric services for the legal compliance through following process:

  • Recognition of applicable laws
  • Preparation of compliance catalogue
  • Drafting of compliance documents
  • Submission of compliance documents
  • Provide opinion on various compliances.

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Fortune Advisory Group is dedicated to provide consultancy and advisory services to the corporate organizations for smooth operation, healthy growth and management of the companies. The corporate and financial advisory services includes:

  1. Financing Advisory

Proper financing can be the lifeline to tread properly in the treacherous environment and maintain the healthy growth of the organization. Fortune Advisory Group provides advisory services for various financing options available to the organization. The company helps for financing through banks and financial institutions to the organizations adhering to various compliances and preparation of required reports.

  1. Merger and Acquisitions

Fortune Advisory Group specializes in guiding businesses through the complex landscape of mergers and acquisitions. From strategic planning to meticulous execution, we provide comprehensive advisory services that ensure a seamless transition, fostering growth and maximizing value for our clients.

  1. Risk Management and Compliance

At Fortune Advisory Group, we are dedicated to helping businesses navigate risk and maintain compliance in an ever-evolving regulatory environment. Our tailored risk management solutions and compliance strategies are designed to safeguard your operations, enhance transparency, and uphold the integrity of your business practices.

  1. Corporate Reporting

Efficient and transparent corporate reporting is essential for informed decision-making. Our team excels in crafting clear and concise corporate reports, enabling our clients to communicate their financial performance and strategic initiatives effectively. Fortune Advisory Group delivers insightful reporting that aligns with your corporate goals.

  1. Risk Assurance

We provide robust risk assurance services to identify and mitigate potential risks that may impact your business objectives. Our proactive approach and innovative solutions empower organizations to enhance resilience, strengthen internal controls, and build a foundation for sustainable growth.

  1. Valuation Reporting

Accurate valuation is critical in today’s dynamic business landscape. Fortune Advisory Group excels in delivering precise valuation reports, whether for financial reporting, mergers, or strategic decision-making. Trust us to provide comprehensive insights that support your business valuation needs.

  1. Financial Modelling

Fortune Advisory Group helps to unlock the power of financial data with sophisticated financial modeling services. Whether you’re exploring new ventures, assessing investment opportunities, or making strategic decisions, our customized financial models are designed to provide clarity, aid forecasting, and optimize your financial planning for success.

Fortune Advisory Group has been helping foreign investors to facilitate the foreign direct investment in Nepal in various sectors by providing consultancy for approval of foreign investment from Department of Industry or Investment Board of Nepal along with coordination with Nepal Rastra Bank to bring the approved foreign investment in Nepal.  

The aim of Fortune Advisory Group is to create value for the clients through proper tax planning and adherence to the compliance provisions to help clients find opportunities of tax savings and proper management of tax related compliances. Our taxation services, inter-alia, includes:

  1. Direct/ Indirect Tax

The taxation geography of Nepal includes direct tax, Income Tax, and indirect taxes which includes Value Added Tax (VAT), Customs Duty, and Excise Duty. Fortune Advisory Group is providing a comprehensive approach to the management of taxation of an entity. We are also providing the services of tax audit to the entities for proper tax planning and accurate tax filing within the stipulated time.

  1. International Tax

The interest of foreign investors and multinational companies in this globalized era of trade and investment possess critical implications on the international taxation and its related provisions. Fortune Advisory Group helps with the tax implications on foreign direct investments, consideration of permanent establishment, tax implications through digital service tax, repatriation and other compliances in relation to the international taxation.