COMPARATIVE ANALYSIS OF THE NATIONAL ACCOUNTING SYSTEM AND INTERNATIONAL FINANCIAL REPORTING STANDARDS IN UZBEKISTAN

Authors

  • Gulyamova Iroda,Temirxanova Mutabar "Tashkent Institute of Irrigation and Agricultural Mechanization Engineers" National Research University

DOI:

https://doi.org/10.55640/

Keywords:

Key barriers to IFRS implementation were identified, including a shortage of qualified personnel, institutional inertia, and high transformation costs. A conclusion was reached regarding the need for a phased harmonization of the accounting system, with an emphasis on developing professional judgment and digitalizing accounting.

Abstract

This study presents an in-depth comparative analysis of the national accounting system of the Republic of Uzbekistan and International Financial Reporting Standards (IFRS) from the perspective of institutional economics and the theory of information transparency. The aim work is identifying conceptual and practical differences between the two accounting models, as well as assessing their impact on the quality of financial reporting and the investment attractiveness of business entities.

The study's methodological basis consisted of comparative, systemic, and structural-functional analyses, as well as elements of a content analysis of regulatory documents. It was established that the national accounting system is characterized by a high degree of regulation and fiscal focus, while IFRS is based on principles aimed at satisfying the information needs of investors and other interested users.

Downloads

Download data is not yet available.

References

1. Alimdzhanova Y. A. Comparative analysis of national accounting standards and IFRS in Uzbekistan // World Scientific Research Journal. — 2025. — № 3. — С. 15–22.

2. Alexander D., Britton A., Jorissen A. International Financial Reporting and Analysis. — Andover: Cengage Learning, 2020. — 512 p.

3. Elliott B., Elliott J. Financial Accounting and Reporting. — Harlow: Pearson, 2022. — 872 p.

4. IFRS Foundation. Conceptual Framework for Financial Reporting. — London: IFRS Foundation, 2018.

5. IFRS Foundation. IAS 1 Presentation of Financial Statements. — London: IFRS Foundation, 2024. ([IFRS][2])

6. IFRS Foundation. IAS 2 Inventories. — London: IFRS Foundation, 2025. ([IFRS][3])

7. IFRS Foundation. IFRS 13 Fair Value Measurement. — London: IFRS Foundation, 2024. ([IFRS][4])

8. Nobes C., Parker R. Comparative International Accounting. — Harlow: Pearson, 2020. — 656 p.

9. Pashaxodjayeva D., Toshnazarov B. Study of the Main Differences between Uzbekistan’s Accounting Standard No. 4 and IAS 2 // Journal of New Century Innovations. — 2026. — № 1. — С. 48–55.

10. Shamsitdinova X. The Adoption of IFRS in Uzbekistan // Economics and Innovative Technologies. — 2023. — № 5. — С. 36–44.

11. World Bank. Reports on corporate reporting, transparency and investment climate in transition economies. — Washington, D.C.: World Bank, 2023.

12. Ковалев В. В. Международные стандарты финансовой отчетности. — М.: Проспект, 2021. — 512 с.

13. Министерство финансов Республики Узбекистан. Национальные стандарты бухгалтерского учета Республики Узбекистан. — Ташкент: Министерство финансов Республики Узбекистан, 2024.

14. Палий В. Ф. Международные стандарты учета и финансовой отчетности. — М.: Инфра-М, 2020. — 384 с.

15. Республика Узбекистан. О внесении изменений в некоторые акты Президента Республики Узбекистан, в том числе в Постановление № ПП-4611: акт от 15 сентября 2025 г.

Downloads

Published

2026-04-09

Issue

Vol. 5 No. 4 (2026): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

COMPARATIVE ANALYSIS OF THE NATIONAL ACCOUNTING SYSTEM AND INTERNATIONAL FINANCIAL REPORTING STANDARDS IN UZBEKISTAN. (2026). Journal of Multidisciplinary Sciences and Innovations, 5(4), 696-699. https://doi.org/10.55640/

Similar Articles

31-40 of 3071

You may also start an advanced similarity search for this article.