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.

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 examines issues related to the reform of accounting and financial reporting at the current stage of the country’s development, the attraction of foreign investors, the enhancement of financial reporting transparency, the harmonization of financial reporting with International Financial Reporting Standards, as well as the accurate presentation of impairment values of property, plant and equipment and the implementation of large-scale economic transformations.

This article reveals for the first time the application of international standards of financial reporting in joint-stock companies, its peculiarities. In this, for the first time, special features are revealed in the process of applying international standards. Including for the first time, recommendations have been developed to organize aspects of the formation of financial statements, its specific aspects, reporting on financial status, reporting on profits and losses on the basis of the decision of the president of the Republic of Uzbekistan "on additional measures for the transition to International Financial Reporting Standards" of February 24, 2020, PQ-4611.

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.

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.

Investment activity is one of the key factors ensuring the economic growth of any country. The importance of investments is invaluable in introducing new technologies, expanding production capacities, creating jobs, and ensuring overall economic stability. However, the process of attracting investment involves a number of complex and risky factors. Therefore, providing investors with accurate and reliable financial information plays a crucial role in their decision-making process. In this context, the role of cash flow statements is extremely important. Cash flow statements clearly demonstrate how a company manages its financial capacity, liquidity, and debt obligations, as well as its ability to implement investments. The analysis of cash flows reflected in these statements provides potential investors with a clear understanding of the company’s future growth and sustainability. Consequently, cash flow statements play a significant role in promoting investment activity, serving as an essential tool in assessing a company’s financial health and prospects.

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 article is devoted to the preparation of the project “National Standard Financial Reporting” (NSFR) within the framework of the transition to international financial reporting standards in our republic. As a result, it fully ensures the process of applying international financial reporting standards (IFRS) by existing organizations and business entities. Theoretical and methodological considerations are expressed on the "Statement of Comprehensive Income” developed within the framework of the NSFR project, as well as scientific proposals and practical recommendations for improving this standard are given.

Determining the separate stages of the organizational aspects for the preparation of consolidated financial statements and the formation of items related to the accounting policy are disclosed. Ways to make the reporting process more efficient and accurate by improving organizational mechanisms are considered. Also, it is proposed to strengthen the internal control systems and innovative approaches that can be used in this process. The results of the work serve to increase the financial transparency of joint-stock companies and strengthen their investment attractiveness.

This article examines the processes and challenges of implementing financial statement analysis in accordance with IFRS in the Republic of Uzbekistan. The importance of these standards for the economic integration of countries worldwide is considered. Their use will ensure the transparency and reliability of financial reporting used in the analysis process, will facilitate the integration of the economy of the Republic of Uzbekistan into international financial markets, and will also provide investors with high-quality analytical information.This article examines Uzbekistan's experience, key challenges, and practical measures for implementing these processes.

This article examines the interconnections, differences, and roles of cost accounting and financial accounting in organizational management. Cost accounting provides data for strategic and operational decision-making within an organization, while financial accounting reflects the financial condition of the company for external stakeholders. The article compares cost accounting and financial accounting in terms of their users, objectives, focus areas, and reporting standards. Additionally, it highlights how these two accounting systems complement each other and contribute to improving the overall efficiency of the organization. The article is relevant and practical for managers, accountants, and researchers.

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 covers aspects related to increasing investment attractiveness and reporting transparency in the preparation of consolidated financial statements in joint-stock companies based on international standards of financial statements. The organizational and methodological aspects of the preparation of the consolidated financial statements according to the international standards of financial statements are revealed, paying attention to the elements of the report on the statement of financial position, profit and loss and cash flow.

This article highlights the importance of accounting policies in the organization of accounting work and financial reporting in business entities. The article clarifies the goals set by the management of an economic entity when forming accounting policies. As a result of the study, recommendations were developed for the use of international financial reporting standards in the formation of accounting policies.

This article highlights the specific features of Islamic banks' financial reporting. Financial statement forms are analyzed separately in accordance with the rules of conventional and Islamic accounting. Specifically, it highlights changes in the composition of the balance sheet, which reflects the financial position of an enterprise. The reasons for adding three additional financial statement forms to conventional accounting in Islamic accounting are explained in turn. The article also provides an example of a statement of changes in restricted investments. Finally, the article concludes with conclusions regarding the distribution of profits and losses in Islamic banks.

The article deals with the preparation of financial accounts in railway transport enterprises, the formation of accounting policies, the documentation of data and the reflection in financial reports and management in accordance with international standards.

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.

In this article, the practical significance of improving the accounting system in Ukraine and the application of the National Accounting System in national accounting, as well as increasing the flow of foreign investments to our economy by using these reports and this issues of developing our economy in Ukraine, as well as the measures of the President of the Republic of Uzbekistan "Improving the accounting system in Ukraine and encouraging its transfer to international standards of financial reporting It is mentioned that the draft of the decision "on" has served as an important basis for the development of the application of IFRS in the economy of our country.

This research investigates the function of corporate governance in enhancing the application of ESG (Environmental, Social, and Governance) within Uzbekistan’s commercial banking industry. This research employs secondary data from sustainability reports, annual disclosures, and publications by the Central Bank of Uzbekistan and international financial institutions to critically examine the impact of governance structures-such as board independence, gender diversity, and oversight committees-on ESG integration and financial stability. The results show that more and more Uzbek banks are reporting on ESG issues. In 2019, just two banks did this, but by 2024, eight banks will be doing it. Banks with boards that are more independent and diverse show far better ESG performance and financial strength, which is shown by greater returns on assets and fewer loans that are not performing. The paper also points out ongoing problems, such as a lack of ESG knowledge, no standardised reporting standards, and uneven policy implementation. The study finds that corporate governance is both a base and a force behind sustainable finance. To bring Uzbekistan's banking practices in line with global sustainability standards, it calls for a national ESG disclosure standard, more accountability at the board level, and stronger institutional capacity building.

This article discusses the main directions of improving the accounting system in non-bank credit institutions in the context of digitalization of the financial sector. The analysis of the current state of accounting processes in microfinance organizations, pawnshops and other non-bank credit institutions is carried out. The international approaches to the organization of financial reporting are investigated and the key problems of accounting in this sector are identified. Practical recommendations on the introduction of digital technologies, standardization of accounting procedures and improvement of the quality of financial reporting of non-bank credit institutions are proposed.

The article deals with the issues of harmonization with international financial reporting standards, the solution of organizational issues of accounting for securities and the organization of audits based on international financial reporting standards.

In this article, the advantages of the transition to international standards of financial reporting and the procedure for determining the price of the operation according to the standard of IFRS No. 15 "Revenue under contracts with customers" are given. Also, in cases where there is a significant component of financing, the issues of recognition of revenues, financial income and expenses, long-term trade receivables and contractual obligations, reflection in accounting accounts and financial reporting are covered.

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.