COMPARATIVE ANALYSIS OF NATIONAL ACCOUNTING STANDARDS AND IFRS: TRANSITION PATHWAYS FOR UZBEK ENTERPRISES
DOI:
https://doi.org/10.55640/Keywords:
IFRS adoption, Uzbekistan economy, National Accounting Standards, Financial transparency, Transition roadmap, Investment attractiveness, Asset valuationAbstract
This research provides a complete comparative study between the National Accounting Standards (NAS) of Uzbekistan and the International Financial Reporting Standards (IFRS), especially focusing on the strategic transition pathways for domestic enterprises. As Uzbekistan fosters its integration into the global financial system, the divergence between rule-based national accounting and principle-based international frameworks represent immense obstacles for transparency and foreign investment. Through a qualitative and comparative methodology, the study find out essential discrepancies in asset valuation, income recognition, and financial instrument disclosure. The findings show that while the legislative framework in Uzbekistan has been updated to support IFRS, practical implementation is hindered by a substantial "technological gap" in automated accounting systems and a a lack of internationally certified professionals. The paper proposes a structured transition roadmap that focuses on the synchronization of digital infrastructure and the enhancement of professional competencies through global certification programs like ACCA. Finally, this research concludes that a successful transition to IFRS is not merely a technical adjustment but a vital prerequisite for increasing the investment attractiveness of Uzbek enterprises and ensuring long-term economic stability in the region.
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