Aligning Inventory Accounting In Uzbekistan With International Standards

Main Article Content

Bobobekov Bakhrom Kakhaharovich

Abstract

This article presents an overview of research on harmonizing inventory accounting with international financial reporting standards, based on the measures implemented in recent years to align the existing accounting and financial reporting system in Uzbekistan with International Financial Reporting Standards (IFRS). The study focuses on the efforts to bring the accounting of inventories in line with international standards within the framework of these broader initiatives. Recognition, valuation, and accounting of inventories. Scientific proposals and practical recommendations have been formulated based on the experience of foreign countries regarding the methodology for determining their cost.

Article Details

How to Cite
Bobobekov Bakhrom Kakhaharovich. (2024). Aligning Inventory Accounting In Uzbekistan With International Standards. The Peerian Journal, 35, 57–65. Retrieved from https://peerianjournal.com/index.php/tpj/article/view/971
Section
Articles

References

"Inventories" NAS 4, paragraph 3. NAS No. 4 "Inventories" (approved by the Order of the

Minister of Finance No. 24 of 05/28/2020, registered by the AV on 30.06.2020 No. 3259)

"Reserves". IFRS 2. 2022 Official translation.

"Debt expenses". IFRS 23. 2022 Official translation.

Statement of Financial Accounting Standards No. 151 FAS151 Status Page FAS151 Summary

Inventory Costs an amendment of ARB No. 43, Chapter 4 November 2004

https://www.xavierpaper.com/documents/usgaap/n.Fas151.pdf

PBU 5/01 - Account of material and production stocks. (Order of the Ministry of Finance of

the Russian Federation No. 44 dated 06.09.01) https://nalognalog.ru/buhgalterskij_uchet/pbu_501_zapasov/

Khaitboev M.I. Improving inventory accounting and auditing. 08.00.08-"Accounting,

economic analysis and audit" in economics, Dissertation written for obtaining the scientific

degree of doctor (PhD). author 2023

Kruglyak Z.I.. Kalinskaya M.V. Economic essence and classification of reserves as an object

of accounting. Scientific journal KubGAU, 2014. No. 99 (05).

Schreibfeder J. Effective Reserve Management / John Schreibfeder: Psr. with English. - 2nd

ed. - M.: Alpina Business Buks, 2006. - 304 с. С. 15

Ibragimov A. Financial and management accounting. Textbook. T.:-2008.

Karimov A.A., Islamov F.R., Avlokulov A.Z. Accounting. Textbook. -T: "Sharq" NMAK. 2004.

Page 592. From page 235

Rakhimov M.Yu. Analysis of the financial status of economic entities. T.: Finance -

economics, 2015.-316 p., Financial analysis. Textbook. / M.Y. Rakhimov, N.N. Kalandarova;

- T.: "Economy-Finance", 2019. - 736 p.