IMPROVEMENT OF FINANCIAL REPORTING OF JOINT STOCK COMPANIES ON THE BASIS OF THE REQUIREMENTS OF INTERNATIONAL STANDARDS

Authors

  • Eshankulov Azamat Abdirakhimovich
  • Odnamatova Nazira Turgunalievna

Keywords:

Key words: joint-stock companies, financial statements, international financial reporting standards, transparency, reliability, investments, capital markets, personnel retraining, information systems.

Abstract

Abstract. This article examines the issues of improving the financial statements of joint-stock companies in accordance with the requirements of international standards. the importance, advantages and difficulties of preparing financial statements based on international standards are analyzed. It is emphasized that the transition to international standards will increase transparency and reliability, enable companies to access international capital markets, and provide an opportunity to compare financial indicators. Also, in the process of transition of financial reports to international standards, recommendations are given on retraining of personnel, improvement of information systems and creation of legal frameworks. The article is aimed at improving the competitiveness of joint-stock companies and ensuring financial stability by improving financial reports in accordance with international standards.

References

Decision PQ-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". https://lex.uz/docs/474604 7

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Alisher Komilovich Bakhadirov "Improvement of accounting and auditing of leasing transactions based on international standards" Doctor of Philosophy (PhD) dissertation in economics . Tashkent - 2022 .

Rakhmonov Sherzod Sherkulovich " Improving the accounting and analysis of financial resources in economic entities" Doctor of Philosophy (Doctor of Philosophy ) dissertation, Tashkent city - 2023 .

Eshankulov Azamat Abdirachimovich , Abdimurodov Bakhrom Ochilovich " Production in enterprises main tools international standards based on organize " Pedagogists " international research journal Volume-55, Issue-2, April -2024

Misirov Khurshid Mamasobirovich "Peculiarities of preparation and presentation of financial statements in railway transport enterprises" World economics & finance bulletin ( wefb ) available online at: Vol. December 29 , 2023.

Published

2024-08-07

How to Cite

Eshankulov Azamat Abdirakhimovich, & Odnamatova Nazira Turgunalievna. (2024). IMPROVEMENT OF FINANCIAL REPORTING OF JOINT STOCK COMPANIES ON THE BASIS OF THE REQUIREMENTS OF INTERNATIONAL STANDARDS. Journal of New Century Innovations, 58(1), 57–62. Retrieved from https://newjournal.org/new/article/view/15898