IMPROVEMENT OF ACCOUNTING IN UZBEKISTAN BASED ON INTERNATIONAL FINANCIAL STANDARDS

Abstract

In the context of the integration of the world economy, globalization of capital
markets, accounting is one of the means of international communication. Integration
of national business into the world economy, creation of conditions for attracting
foreign investment – all these processes that are in full swing today dictate the need to
study and use a universal language in economic communication that is understandable
to the whole world: international financial reporting standards – IFRS.