TRANSITION FROM NATIONAL ACCOUNTING STANDARDS TO INTERNATIONAL STANDARDS: PRACTICE OF UZBEKISTAN AND EXPERIENCE OF SOUTH KOREA
DOI:
https://doi.org/10.60078/3060-4842-2026-vol3-iss3-pp59-64Abstract
This article analyzes the strategic importance and economic advantages of transitioning from National Accounting Standards (NAS) to International Financial Reporting Standards (IFRS) in the context of Uzbekistan’s economic modernization. The study applies a comparative analysis method, examining the conceptual differences between NAS and IFRS, particularly issues related to fair value measurement of assets and ensuring financial transparency. The experience of South Korea’s transition to the K-IFRS system is also reviewed, with an assessment of its impact on the stock market and investment flows
Keywords:
NAS IFRS transformation integration transparency fair value investment capital market K-IFRS comparative analysis financial reporting methodologyReferences
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