Articles
| Open Access |
DOI: The Practice Of Preparing Financial Statements On The Basis Of IFRS
Hayrulla Karimovich Sheraliev , Independent Researcher Andijan Institute Of Mechanical Engineering, UzbekistanAbstract
IFRS regulates the preparation of financial statements, and the standards reflect only the rules for the preparation of financial statements in accordance with IFRS. The transfer of banks’ financial statements from National Accounting Standards (NAS) to International Financial Reporting Standards (IFRS) is a multi-stage and time-consuming procedure. Thus, the standards define and define the issues of recognition, measurement and publication of various reporting items in all business entities, including banks. Therefore, it is necessary to study the methods of preparation of financial statements in accordance with IFRS and in practice to choose the most appropriate of these methods for the bank.
Keywords
Banking, financial reporting, national accounting standards
References
Law of the Republic of Uzbekistan “On Accounting”.
Resolution of the President of the Republic of Uzbekistan dated February 24, 2020 No PD-4611 on additional measures for the transition to international financial reporting standards.
International Financial Reporting Standards. http://finansist.uz/uz/application-international-standards-in-financial-reporting-in-uzbekistan/ 2018.
Paliy V.F. International accounting and financial reporting standards: Textbook. - 3rd ed., Rev. and add. Moscow: INFRA-M, 2008. –p. 512. (Higher education).
Tashnazarov S.N. Isobot: Muammo wa Echimlar. Monograph. Moscow: “Navro’z”, 2016 y. –p. 295.
Accounting according to international standards: Textbook. allowance.– 3rd Ed. / Ed. L. V. Gorbatova - Moscow: Accounting Development Fund; Publishing house “Accounting”, 2003. –p. 504.
International and Russian Accounting Standards: Comparative Analysis, Principles of Transformation, Directions of Reforming / Ed. S. A. Nikolaeva Ed. 3rd revised and add. Moscow: Anametika - Press, 2003. –p. 672
Handouts for the advanced training course: “International Financial Reporting Standards (IFRS). Ўzbekiston auditorlar palasi. Tashkent-2015. –p. 335.
IFRS – http:// www. ifns. ru/.
Article Statistics
Copyright License
Copyright (c) 2021 The American Journal of Management and Economics Innovations
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.