IMPROVING ACCOUNTING FOR LONG-TERM ASSETS IN ACCORDANCE WITH INTERNATIONAL STANDARDS
Keywords:
Long-term assets, method of calculation, continuity of activity, continuity of the ratio between income and expensesAbstract
In this article, the approaches of foreign and domestic scientists to the accounting of long-term assets based on international standards, as well as the principles of recognition, evaluation and accounting of long-term assets in international standards were studied. According to the fundamental and qualitative description of long-term assets, it is appropriate to categorize them on the basis of reliability, relevance, truthful presentation, i.e. completeness, neutrality, error-free, comparability, verifiability, timeliness, comprehensibility. The basic principles of accounting define the conceptual framework for accounting for long-term assets.
References
The new edition of the Law of the Republic of
Uzbekistan "On Accounting" (No. ORQ-404 of
13.2016)
Decision of the President of the Republic of
Uzbekistan dated February 24, 2020 No. PQ4611 "On additional measures for the
transition to international standards of
financial reporting"
International Financial Reporting Standards:
Edition in Russian.-M: “ASKERI-ASSA”, 2016. -
p
Toraev A. N., Eshankulov A. A. PROCEDURE
FOR PREPARATION AND PRESENTATION OF
CONSOLIDATED FINANCIAL STATEMENTS ON
THE BASIS OF INTERNATIONAL STANDARDS
// Archive of scientific studies. - 2022. - Vol. 2.
- No. 1
Norbekov D., Torayev A., Rakhmonov Sh.
International standards of financial reporting.
Study guide. -T.: Economy and Finance, 2018.
-350 p
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
