ADJUSTING ACCOUNTING IN UZBEKISTAN IN COMPLIANCE WITH INTERNATIONAL REQUIREMENTS: SHIFT TO A NEW STAGE

Abstract

This article is devoted to the considerations of the measures undertaken to execute the objectives set in the Resolution of the President of the Republic of Uzbekistan                  №PR-4611 “On additional measures to the transition to the International Financial Reporting Standards” dated February 24, 2020. The Ministry of Finance of the Republic of Uzbekistan developed the National Financial Reporting Standards (NFRS) based on the International Financial Reporting Standards (IFRS) for small and medium-sized businesses, and the project was subject to discussion. The article discusses issues of harmonization of National Accounting Standards in accordance with international standards. with International Financial Reporting Standards and also presents scientifically grounded conclusions on this project. The article also examines the structure of the national financial reporting standards of Kazakhstan NSFR.