Transformation of the Financial Sector of the Republic of Uzbekistan: Transition to International Financial Reporting Standards (IFRS)

Authors

  • Uzoqova Feruza Baraka qizi Assistant of the "Accounting, Analysis and Audit" Department, Tashkent State Agrarian University

DOI:

https://doi.org/10.51699/ajdes.v35i.848

Keywords:

International Financial Reporting Standards (IFRS), financial reporting reform

Abstract

The article is devoted to the analysis of the process of transition of the Republic of Uzbekistan to the International Financial Reporting Standards (IFRS). It discusses the main stages and objectives of this process, as well as assesses the potential benefits and difficulties that the republic may face in the course of implementing this task. The authors of the article draw attention to the importance of increasing the transparency of financial reporting for attracting foreign investment and successful integration into the world economy. Particular attention is paid to the analysis of macroeconomic indicators of the Republic of Uzbekistan in recent years, which indicate the positive dynamics of the country's economic development. In conclusion, the authors emphasize the importance of a comprehensive approach to reforming the financial system, emphasizing the role of IFRS as an important tool for achieving the strategic goals of the republic's development.

References

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Published

2023-11-24

How to Cite

Uzoqova Feruza Baraka qizi. (2023). Transformation of the Financial Sector of the Republic of Uzbekistan: Transition to International Financial Reporting Standards (IFRS). Academic Journal of Digital Economics and Stability, 35, 53–59. https://doi.org/10.51699/ajdes.v35i.848

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Articles