Transformation of the Financial Sector of the Republic of Uzbekistan: Transition to International Financial Reporting Standards (IFRS)

Uzoqova, Feruza Baraka qizi (2023) Transformation of the Financial Sector of the Republic of Uzbekistan: Transition to International Financial Reporting Standards (IFRS). Academic Journal of Digital Economics and Stability, 35. pp. 53-59. ISSN 2697-2212

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Abstract

The article is devoted to the analysis of the process of transition of the Republic of Uzbekistan to the International Financial Reporting Standards (IFRS). It discusses the main stages and objectives of this process, as well as assesses the potential benefits and difficulties that the republic may face in the course of implementing this task. The authors of the article draw attention to the importance of increasing the transparency of financial reporting for attracting foreign investment and successful integration into the world economy. Particular attention is paid to the analysis of macroeconomic indicators of the Republic of Uzbekistan in recent years, which indicate the positive dynamics of the country's economic development. In conclusion, the authors emphasize the importance of a comprehensive approach to reforming the financial system, emphasizing the role of IFRS as an important tool for achieving the strategic goals of the republic's development

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory
Depositing User:	Journal Editor
Date Deposited:	26 Feb 2024 12:12
Last Modified:	26 Feb 2024 12:12
URI:	http://eprints.umsida.ac.id/id/eprint/13404

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