IMPROVING FINANCIAL LITERACY THROUGH IFRS-BASED SIMPLIFIED REPORTING: USER-ORIENTED DISCLOSURE MODELS FOR INVESTORS

Abstract

This paper explores how IFRS-anchored disclosures can be redesigned into simplified, user-oriented reporting layers to strengthen investor financial literacy. Using document-based analysis of key IFRS presentation and disclosure requirements, alongside-reviewed evidence on readability and limited attention, the study proposes a Simplified IFRS-Based Disclosure Model (SIFRSD). The model introduces an Investor Key Disclosure Sheet that translates essential IFRS information into plain-language, traceable items mapped from user needs to disclosure elements, IFRS anchors, and expected literacy outcomes. It operationalises IFRS materiality guidance to reduce disclosure overload while preserving IFRS integrity through cross-referencing and optional assurance, offering a practical pathway for emerging markets, including an evidence-bounded lens for Uzbekistan and Central Asia.