ACCOUNTING SYSTEMS IN UZBEKISTAN BASED ON THE REQUIREMENTS OF IFRS

Abstract

This article discusses the relevance of the transition of the national accounting standard of the Republic of Uzbekistan to international financial reporting standards. The role of measures to accelerate the transition of the accounting system in Uzbekistan to international financial reporting standards in recent years in attracting foreign investment is analyzed. The goals and requirements of the Decree of the President of the Republic of Uzbekistan PP-4611 "On additional measures for the transition to international financial Reporting standards" dated February 24, 2020 were recognized as the beginning of fundamental changes in accounting policy in the Republic and attention was paid to its essence.