IMPROVEMENT OF ACCOUNTING IN CONSTRUCTION ORGANIZATIONS IN THE CONDITIONS OF SUSTAINABLE DEVELOPMENT ON THE BASIS OF INTERNATIONAL STANDARDS

Abstract

The article examines the issues of improving accounting in construction organizations based on International Financial Reporting Standards (IFRS) in the context of global sustainable development and the transition to a "green economy". Taking into account the specific characteristics of the construction industry, in particular, the long-term nature of projects and high capital intensity, the mechanisms for applying IFRS 15 ("Revenue from Contracts with Customers") and IFRS 16 ("Rents") are analyzed. Also, practical proposals and recommendations are developed for accounting for environmental costs and obligations and digitization of construction processes in the context of sustainable development.