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

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

Постановление Президента Республики Узбекистан № ПП-4611 «О дополнительных мерах по переходу на международные стандарты финансовой отчетности» от 24.02.2020 года;

Указ Президента Республики Узбекистан, от 30.10.2020 г. № УП-6098 «Об организационных мерах по сокращению теневой экономики и повышению эффективности деятельности налоговых органов»

Указ Президента Республики Узбекистан, от 28.01.2022 г. № УП-60 «О СТРАТЕГИИ РАЗВИТИЯ НОВОГО УЗБЕКИСТАНА НА 2022 — 2026 ГОДЫ»

Омонов Б. «Что даст Узбекистану вступление во Всемирную торговую организацию?» НАРОДНОЕ СЛОВО 2020 г -09с

https://biznesombudsman.uz/ru/news/

https://finacademy.net/materials/article/neobhodimost-perehoda-na-msfo

https://www.spot.uz/ru/2023/04/04/shadow-economy

Baratovna E. Z. Other comrehensive income, accounting structure and their improvement //Thematics Journal of Economics. – 2021. – Т. 7. – №. 2.

Baratovna E. Z. CONCEPT AND CONTENT OF OTHER COMPREHENSIVE INCOME, ACCOUNTING PRINCIPLES AND WAYS TO IMPROVE //Eurasian Journal of Academic Research. – 2021. – Т. 1. – №. 6. – С. 84-89.

Baratovna E. Z. The First Application of International Financial Reporting Standards //Kresna Social Science and Humanities Research. – 2022. – Т. 4. – С. 52-54.

Ветошкина Е. Ю., Эшпулатова З. Б. УЧЕТ ДОГОВОРОВ С ОБРАТНОЙ ПОКУПКОЙ //Учет, анализ и аудит: их возможности и направления эволюции. – 2022. – С. 13-19.

Эшпулатова Зайнаб Баратовна 15-СОН МҲХСНИНГ ТЎРТИНЧИ ҚАДАМ МОДЕЛИ АСОСИДА ТУШУМНИ ТАН ОЛИШНИНГ УСЛУБИЙ ТАРТИБИ // JMBM. 2022. №8.

Baratovna E. Z. THE FIRST APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN THE REPUBLIC OF UZBEKISTAN //Journal of marketing, business and management. – 2022. – Т. 1. – №. 1. – С. 109-111.

Eshpulatova Zaynab (2021) “ACCOUNTING FOR RECOGNITION OF ENTERPRISES INCOME (ACCOUNTS) IN ACCOUNTING WITH INTERNATIONAL STANDARDS AND “FINANCIAL REPORTING CONCEPTUAL FUNDAMENTALS ”, Euro-Asia Conferences, 3(1), pp. 137–139.

ЭШПЎЛАТОВА З. Б. RECOGNITION OF INCOME: ALLOCATE THE TRANSACTION PRICE TO THE PERFORMANCE OBLIGATIONS IN THE CONTRACT //Экономика и финансы (Узбекистан). – 2021. – №. 3. – С. 16-22.

Эшпўлатова Зайнаб Баратовна ДАРОМАДНИ ТАН ОЛИШ: ОПЕРАЦИЯ НАРХИНИ БАЖАРИЛИШЛАРГА ОИД МАЖБУРИЯТЛАРГА ТАҚСИМЛАШ // Экономика и финансы (Узбекистан). 2021. №3 (139).

Eshpulatova, Z., 2021. ACCOUNTING OF REVENUE FROM CONTRACTS WITH CUSTOMERS ACCORDANCE WITH INTERNATIONAL STANDARDS. International Finance and Accounting, 2021(2), p.25.

Eshpulatova Z. THE DIGITAL ECONOMY RELIES ON THE INTERNATIONAL STANDARDS OF THE FINANCIAL REPORT ON THE INCOME STATEMENT //DEVELOPMENT ISSUES OF INNOVATIVE ECONOMY IN THE AGRICULTURAL SECTOR. – 2021. – С. 120.

Eshpulatova, Z., 2020. DETERMINATION OF INCOME AND PROFIT AS AN ELEMENT OF FINANCIAL STATEMENTS. International Finance and Accounting, 2020(1), p.20.

Downloads

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. Retrieved from https://economics.academicjournal.io/index.php/economics/article/view/848

Issue

Section

Articles