COORDINATION OF NATIONAL ACCOUNTING WITH INTERNATIONAL STANDARDS IN THE REPUBLIC OF UZBEKISTAN

Abstract

The article discusses the procedure for adjusting the accounting
in the organizations of the Republic of Uzbekistan in the context of the transition to
the use of international financial reporting standards. It was emphasized that the
purpose of the accounting reform is to bring the national accounting system in line
with international financial reporting standards and the requirements of a market
economy. The article discusses the real benefits of the introduction of IFRS, as well
as the real challenges faced by enterprises, audit companies, educational institutions
that provide basic professional accounting training in the transition to international
standards. The need to develop a conversion methodology and define a list of
enterprises that are needed and should be applied to international investment
programs and access to foreign markets.