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.

Banking, financial reporting, national accounting standards

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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.

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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/.