The article highlights the need to improve financial reporting, the regulations adopted in Uzbekistan in this regard. The purpose of the concept required for the transition to International Financial Reporting Standards (IFRS) in Uzbekistan and the tasks to be included in it have been developed, a series of national accounting standards are presented. It was noted that today the standards for financial instruments need to be improved. For the transition to IFRS, the terms related to the information reflected in the financial statements are given. The work to be done in Uzbekistan to introduce the terms and accounting rules for the information reflected in the financial statements.

Financial reporting, financial reporting indicators, information reflected in the financial statements

Approved by the Decree of the President of the Republic of Uzbekistan dated February 7, 2017 No. PD-4947 "On the Strategy of actions for further development of the Republic of Uzbekistan".

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