Improving the Statement of Financial Position Based on Ifrs Requirements in the Republic of Uzbekistan: Pros and Cons
Year: 2025
Type: article
Abstract: The article analyzes the improvements made to the Statement of Financial Position in the Republic of Uzbekistan based on the requirements of International Financial Reporting Standards (IFRS). It examines key changes introduced to the format and content of the report and their impact on the transparency and reliability of financial information. The article discusses the advantages of adopting IFRS, such as increased transparency, attraction of foreign investments, and enhanced decision-making processes. It also highlights the challenges faced by companies, including high implementation costs, a shortage of qualified professionals, and cultural barriers.
Author: Kholikova Durdona Bunyodjon qizi
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W6893278688
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