IFRS S1 International Financial Reporting Standards establishes general requirements for disclosing information about sustainability-related risks and opportunities. The primary goal of this standard is to help organizations provide accurate and transparent information about sustainability-related risks and opportunities. IFRS S1 ensures the disclosure of important information about sustainability-related risks and opportunities through financial reports, which assists users in making investment decisions. The standard requires the disclosure of sustainability-related information in a unified format in financial reports, which enhances the comparability and clarity of global financial reporting. This standard aims to optimize financial management and contribute to the long-term sustainable development of organizations.This article discusses the processes of reflecting sustainability-related risks and opportunities in financial reports.

This article analyzes the processes of preparing and analyzing the financial statements of joint-stock companies in Uzbekistan. Issues related to the transparency of financial statements and their alignment with international standards are discussed, including opportunities to enhance investment attractiveness through the application of IFRS requirements. A comparative analysis of national and international reporting standards is provided, along with the advantages of using modern digital technologies in financial analysis. Based on the conducted research, recommendations are proposed to ensure the financial stability of the corporate sector and its future development.

This article explores the improvement of the accounting system for environmental investment expenses at enterprises in the construction materials industry. The study identifies that under the current national chart of accounts, such expenses are recorded under general production costs, limiting transparency and analytical control. Therefore, the paper proposes the introduction of a new account 8540 – "Financing of Environmental Investment Expenditures" and its sub-accounts 8541, 8542, and 8543. Comparative analysis with IFRS standards and practical implementation based on selected industrial companies were conducted to justify the effectiveness of the proposed model.

Today, two benchmarks - International Financial Reporting Standards - IFRS (International Financial Reporting Standards - IFRS) and the generally accepted accounting rules of the USA - BHUQ (Generally Accepted Accounting Principles - GAAP) are recognized as the standard of accounting. According to the analysis, there is almost no accountant in the world who is not aware of MHXS. Also, the number of countries that recognize international standards is increasing day by day. Also, the number of countries that recognize international standards is increasing day by day. It serves as an important tool in mutual cooperation between the countries of the world, including in the development of economic relations, especially in improving the investment environment. This article covers a number of aspects such as MHSS, international experience, and its use in the countries of the world.

The article examines the processes and challenges of transitioning Uzbekistan’s banking system to International Financial Reporting Standards (IFRS). The adoption of these standards, which are critical in the context of global economic integration, ensures the transparency, comparability, and reliability of financial reporting. In the Republic of Uzbekistan, the transition to IFRS is a vital component of economic reforms aimed at integrating banks into international financial markets and enhancing investor confidence. However, this process is accompanied by challenges, including the adaptation of the regulatory framework, training of qualified personnel, and development of information technology infrastructure. The article analyzes the key issues, challenges, and prospective solutions related to this transition.

This article discusses the theoretical issues of financial reporting sustainability standards. Proposals are made to improve accounting using foreign experience in implementing international sustainability standards in practice.

This article considers progress in the performance of the tasks specified in the Resolution No. 4611 of the President of the Republic of Uzbekistan dated February 24, 2020 "On additional measures for the transition to International Standards of Financial Reporting", and the implementation of curricula and programs in the field of "Accounting and auditing" in higher education according to international financial reporting standards. The work carried out on the coordination of IFRS, including the updated topics included in the program of the subject of "financial accounting", accreditation requirements are described. In addition to the achievements, there are proposals to accelerate the activities of professional organizations, to recommend methodological work based on the IFRS, to strengthen cooperation with practice, to involve practitioners in the development of case studies and sets of issues.

The article is devoted to the consideration of the problems arising in the process of globalization and experienced in adjusting the National Accounting Standards (NAS) in Uzbekistan, including the standard related to intangible assets, in compliance with the International Financial Reporting Standards (IFRS), as well as the solutions proposed thereof. Herewith the author proposes the recommendations worked out for recognition of intangible assets, assessment of book value, the method of calculating amortization, revaluation model, the order of disclosure of information on intangible assets in the financial statements in accordance with international standards (IFRS 38). Moreover, there some considerations on the revaluation model of intangible assets to assess their impact on initial value, amortization, long-term and total assets.

The article examines the impact of revenue accounting policy on the reliability of financial statements in oil and gas organizations. The relevance of the research is due to the complexity of revenue recognition in the oil and gas industry, as well as the need to ensure transparency and reliability of financial information. The study employs comparative analysis, review of regulatory frameworks, and systematization of scientific literature. The findings indicate that the choice of revenue accounting policy significantly affects the presentation of financial results and may either enhance or reduce users’ confidence in financial statements. Practical recommendations aimed at improving accounting policy to increase the reliability of financial reporting are proposed.

This article talks about the relevance and importance of the transition to international financial reporting standards (IFRS) in Uzbekistan today in the process of integration of the world economy. Also, the issues of harmonizing the financial statements prepared on the basis of BHMS in accordance with the MHSS, the stages of transformation are mentioned. Differences between national standards and international financial reporting standards are also analyzed

The paper discusses the harmonization of the current rules of the 7th National Accounting Standard (NAS) “Intangible Assets” with the requirements of International Financial Reporting Standards (IFRS). Scientific proposals and recommendations are provided for introducing amendments and additions to the relevant provisions of the NAS. As a result, the compliance of the current 7th NAS “Intangible Assets” with IFRS requirements is ensured, creating opportunities for their practical application in enterprises.

This article analyzes the specific aspects of organizing the accounting for lease transactions in accordance with IFRS 16. In particular, it examines the recognition and presentation of the right-of-use asset and lease liability in the financial statements. The study explores the conditions for recognizing the right-of-use asset and lease liability, as well as the issues related to their disclosure in the notes to the relevant financial statements.

This article discusses the procedure for accounting for the sale of fixed assets and leasing them back according to International Financial Reporting Standards (IFRS). The problem with this topic is that the issue of sale and leaseback is not currently applied in the practice of Uzbekistan and is new to us. The authors examined this issue in detail in the article with examples and accounting records. The tables presented were compiled by the authors of the article. The forms of the statement of financial position and the statement of profit or loss and other comprehensive income in a shortened form are taken from international practice in preparing financial statements. To resolve the issue, the double entry method in accounting was used. The merit of the authors is that the issue under consideration with examples, tables and report forms was made available to Uzbek accounting practitioners and other interested parties.

In accordance with the “Financial Instruments: Information Disclosure”
standard No. 7, the article describes the essence, purpose, functions and application aspects of
financial instrument accounting disclosure. In recent years, the variety of financial instruments
and the complexity of their dynamics in financial markets have sharply increased in the world.
This serves to increase the risk of financial instruments. The article describes the types of risks in
accounting for financial instruments and the procedure for explaining them. In the system of
international financial reporting standards, the topic of financial instruments is considered the
most complex. Accounting information for financial instruments requires a large amount of
knowledge and skills. IFRS 7 Financial Instruments: Disclosures Good disclosure is more of an art
than a science

This article discusses the role of Islamic finance in Qatar’s economy, Islamic financial institutions located in Qatar, including Islamic banks, Islamic insurance companies, and the financial accounting standards used in them. The legal basis of the financial accounting standards used in Qatar will be covered. It examines the application of financial accounting rules in Qatari law to commercial organizations and Islamic financial institutions and reveals how two different financial accounting standards are used in the country.

In this article, the international standards of financial reporting and the importance of using these standards in the national accounting system, national and international standards accounting for inventory, the main differences between them, as well as the legal basis for organizing inventory accounting, the main tasks and where the importance of using international standards is analyzed.

This article presents the features of the application of the international standard for fixed assets in commercial banks, the content of accounting for fixed assets in banks, definitions, the concept analyzed in various scientific publications, the methodology of using the international standard for fixed assets. The application of the IFRS standard No. 16 "Fixed assets" in the practice of accounting for fixed assets in commercial banks of the Republic of Uzbekistan is considered. Accounting accounts describe in detail the order of their organization and reflection in the financial statements. As a result of the conducted research, an opinion was formed on the accounting of fixed assets in commercial banks and the organization of accounting, as well as recommendations for their improvement were developed.

In this article, the improvement of the audit of long-term assets based on international standards serves to increase the accuracy and transparency of financial statements. Within this topic, long-term asset valuation methods, principles of accounting for their depreciation, and verification processes in accordance with international auditing standards are analyzed. A standardized approach helps provide reliable information for investors and stakeholders while increasing the efficiency of the audit process.

Based on decision PC No. 4611 of February 24, 2020, “On additional measures for the transition to international financial reporting standards,” the article analyzes IFRS and develops scientific proposals and recommendations regarding the correct accounting of asset impairment in the reporting of enterprises that have received IFRS.

In this article, proposals have been developed to identify and solve the problems of accounting and auditing obligations in the activities of commercial banks of the republic, the optimal level of formation of banking obligations as a result of accounting obligations in the country's banks based on international standards, the organization of accounting obligations in banks that comply with international banking practice, improving accounting.
Proper organization of accounting of liabilities in commercial banks ensures the effective functioning and economic stability of commercial banks. The main part of the liabilities of the balance sheet of commercial banks are liabilities, which amount to almost 85-90%. This article describes the research aimed at developing a methodology for the correct accounting of bank liabilities in commercial banks. Proposals and recommendations on this issue have been accepted for use in the development of accounting policy in the “National Bank of Foreign Economic Activity of the RU”. As a result of the research, the author has developed recommendations for the organization of accounting for liabilities in commercial banks.

The article discusses the transition to international financial reporting standards, their recognition and application. The directions for improving accounting used in practice on the basis of international financial reporting standards are outlined.

The article describes the emergence of tax obligations and their accounting issues. Directions for improving the accounting of tax obligations based on international standards of financial reporting are indicated.

The article highlights issues of improving the accounting of tax expenses. Theoretical issues of tax expenditures are studied and proposals for their improvement are given.

This article highlights issues of improving equity accounting based on international financial reporting standards. Accounting for authorized capital is reflected in the accounts on the basis of information obtained from practice.

This article describes the tax consequences of companies transition to international standards of financial reporting. The issue of which regulatory documents and sources to use in the preparation of tax reports in enterprises that have passed the financial audit report has been clarified.