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IMPROVING THE FINANCIAL STATUS REPORT ON THE BASIS OF INTERNATIONAL STANDARDS

Authors

  • Sattorov Tohir Tolmas o’g’li

    Assistant teacher, Samarkand Institute of Economics and Service
    Author
  • Sadriddinova Mokhirabonu Akramovna

    Student, Samarkand Institute of Economics and Service
    Author

Keywords:

Assets, financial resources, valuation standards, investment environment, XBRL format, ERP system, IFRS, Accounting Classification

Abstract

This article covers the issues of improving the financial status report on the basis of International Financial Reporting Standards (XMHS/IFRS). The article will study the accuracy, transparency and opportunities for comparison of financial information that meets modern requirements. On the basis of literature analysis, scientific and methodological approaches and practical results, mechanisms are developed to adapt the practice of national reporting to international standards

References

1. IFRS Foundation. International Financial Reporting Standards (IFRS) 2024. London: IFRS Foundation, 2024.

2. Nobes, Alexander and Parker, Robert. International Accounting Comparison. 14th ed. Pearson, 2021.

3. Ball, Ray. “International Financial Reporting Standards (IFRS): Advantages and Disadvantages for Investors.” Accounting and Business Research, Vol. 45, No. 2, 2015, pp. 123–150.

4. KPMG. IFRS Implementation Guide for Emerging Markets. KPMG International, 2022.

5. Securities and Exchange Commission (SEC). XBRL Reporting Guidelines for Public Entities. Washington D.C., SEC, 2020.

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Published

2026-01-04