ANALYSIS OF INTERNATIONAL AND NATIONAL STANDARDS OF ACCOUNTING FOR INCOME AND EXPENSES

• Samiddin Nizamovich. Tashnazarov

  Author

• Mohinur Odil qizi Sharipova

  Author

• Mohirabonu Akramovna Sadriddinova

  Author

This article analyzes the relationship between international and national standards for accounting for income and expenses and their practical application. The main differences between International Financial Reporting Standards (IFRS) and national accounting standards, their importance in making economic decisions and their role in accurately reflecting the financial results of enterprises are highlighted. Modern approaches to the principles of recognition, measurement and accounting of income and expenses are also considered.

1. Law of the Republic of Uzbekistan “On Accounting” (No. О‘RQ-404, 13.04.2016).

2. Resolution of the President of the Republic of Uzbekistan No. PQ-4087 “On additional measures on the transition to international financial reporting standards”, 24.12.2018.

3. Resolution of the President of the Republic of Uzbekistan No. PQ-4611 “On additional measures on the transition to international financial reporting standards”, 24.02.2020.

4. Resolutions of the Cabinet of Ministers of the Republic of Uzbekistan on improving accounting and financial reporting. – Tashkent, 2020–2025.

5. Chambers R. J. Accounting Evaluation and Economic Reality. – Sydney: University Press, 2001.

6. Scott W. R. Financial Accounting Theory. – Toronto: Pearson, 2015.

7. Mukhtarov M. M. Fundamentals of Accounting and Auditing. – Tashkent: Economics, 2019.

8. Karimov A. A. Financial accounting and reporting. – Tashkent: Uzbekistan, 2020.

• PDF|Download