Nepal Accounting Standards Board, established in 2002, has introduced the Nepal Accounting Standards for the first time in Nepal. This can be taken as a sign of introduction of the “corporate culture” in the field of accounting. Furthermore, accession of Nepal to the World Trade Organisation underscored the importance of the Accounting Standards to keep pace with internationally accepted norms. But the implementation part is very challenging and calls for stronger commitment to implement the accounting principles in practice. In the present context, attention must be paid to make the foundation of accounting system reliable on which the corporate culture is to flourish. Many business houses are not even keeping proper book of accounts. Accountants do not have adequate knowledge of accounting principles and Company Act, Industrial Act, etc., and they have a poor link with other closely related areas such as income tax. Accountants in most of the business houses may not even know their responsibility regarding preparation of the financial statements. They lack vision and expect the financial statements to be prepared by the auditor. Therefore, how can the edifice of complex accounting standards be built over such a fragile foundation?
Umesh Paneru, Baneshwor
I always look for articles related to science and technology in THT. Though you sometimes give articles on multimedia and communication science, other fields of science have been neglected. I request you to give some space for write-ups on this field as well.
Santosh Paudel, via e-mail
Enthusiastic, vigilant and creative youngsters are the backbone of nation-building. Notwithstanding the challenges they face, if they are provided with opportunities, proper guidance and healthy competitive environment, they can become capable of handling any kind of situation. They possess potentials that can be best utilised for the development of the nation. But what they need is incentive from their families, friends and, of course, the State. The youth, on their part, should be aware of their responsibilities. Instead of wasting their time and energy in worthless and destructive activities, they should be a part of the development work for the betterment of the country.
Starting from the self and the society, everybody needs to work for the betterment of the world. Every youth should comprehend the proverb “united we stand, divided we fall.”
They should march hand in hand and work for the good of the society. They should engage in educating the people, increase awareness in the society and utilise their abilities, skills, knowledge and talent in the right direction. This is also what the country needs in the current context.
Vipul Kabra, Galaxy Public School
HIV/AIDS victims are looked down upon in our society. They are not only neglected but also lack access to adequate medical facility. This needs a change. The government, together with the private organisations working for the victims’ cause, should help them live with dignity. The South Asian HIV/AIDS treatment preparedness conference that started in Kathmandu from January 5 should take up this issue alongside aiming to build positive leadership to involve the community in the treatment of AIDS victims.
Anjali Shah, via e-mail