Full Lenght Article
The First Application of International Financial Reporting Standards

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Open Access

Abstract

This article covers the issues of the first application of International Financial Reporting Standards. The importance of implementation in accordance with national accounting standards is disclosed. The methods of the first application in our country have been studied. Recommendations and suggestions are given to accelerate the implementation of the standard "IFRS 1 - The first application of International Financial Reporting Standards".

Keywords

globalization
economics
accounting
international financial reporting standards
national accounting standards
transparency
comparability

Declarations

Conflict of Interest Statement

The author (s) declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest.

References

1. Decree of the President of the Republic of Uzbekistan, dated 28.01.2022 "On the development strategy of new Uzbekistan 2022-2026
2. Resolution of the Republic of Uzbekistan No. 4611, dated 24.02.2020 "On additional measures for the transition to international Financial Reporting standards".
3. Eshpulatova Zaynab Baratovna. Other comrehensive income, accounting structure and their improvement. Thematics Journal of Economics ISSN 2277-3029 Vol-7-Issue-2-2021 http://thematicsjournals.in/index.php/tje 10.5281/ zenodo.5559406
4. Eshpulatova Zaynab Baratovna. Improving the accounting of income from financial activities in accordance with the standards. October special issue. 22 Vol.11 No.04 SJIF 7.201 & GIF 0.626 ISSN-2249-9512 Journal of Management Value & Ethics. 187-192-p. (08.00.00; №5)

Bibliographic Information

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  • Submitted
    22 April 2022
  • Revised
    22 April 2022
  • Published
    22 April 2022