THE IMPORTANCE AND IMPORTANCE OF THE TRANSITION TO INTERNATIONAL FINANCIAL ACCOUNTING STANDARDS

Abstract

This article considers the transition of the National Accounting Standard of the Republic of Uzbekistan to international standards, compliance, investment in fixed assets, including foreign investment, as priorities. Also, the requirements of the Resolution of the President of the Republic of Uzbekistan PQ-4611 of February 24, 2020 "On additional measures for the transition to international financial reporting standards" and the opening of a new page in the accounting policy of the country.