IMPROVING THE ACCOUNTING OF FIXED ASSET REVALUATION RESULTS IN ACCORDANCE WITH IFRS
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This article examines issues related to the reform of accounting and financial reporting at the current stage of the country’s development, the attraction of foreign investors, the enhancement of financial reporting transparency, the harmonization of financial reporting with International Financial Reporting Standards, and the revaluation of fixed assets to ensure a fair presentation of their value. The paper also addresses aspects associated with implementing large-scale economic transformations through the accurate reflection of the fair value of property, plant and equipment.
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References
1.Resolution of the President of the Republic of Uzbekistan No. PQ-4611 dated February 24, 2020 “On Additional Measures for the Transition to International Financial Reporting Standards.”
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