International Finance and Accounting


The article provides comprehensive description of the accounting policy concept in the economic entities and adjusting its requirements in compliance with with International Financial Reporting Standards (IAS, IFRS). In addition, the article presents proposals and recommendations aimed at improving accounting policies, which have been worked out in reliance upon international standards and the experience of developed countries.


1. Resolution of the President of the Republic of Uzbekistan № 4611 “On additional measures to transition to international financial reporting standards” as of February 24, 2020. https://lex.uz/docs/4746047 2. National Accounting Standard (NAS) № 1 “Accounting policy and financial reporting” [Registered by the Ministry of Justice of the Republic of Uzbekistan № 474 as of August 14, 1998]. https://lex.uz/docs/828581 3. Regulation on the accounting «Accounting policy of the entity” (Accounting regulation 1/2008). Appendix №1 to the Order of the Ministry of Finance of the Russian Federation dated October 6, 2008 N 106 http://www.consultant.ru/document/cons_doc_law_164/2d52707f5a4d5314b9e470a9bf59cb826ec848dd/ 4. Indian Accounting Standard (Ind AS) 8 Accounting Policies, Changes in Accounting Estimates and Errors# http://www.mca.gov.in/Ministry/pdf/IndAS8_2019.pdf 5. IAS 8 "Accounting Policies, Changes in Accounting Estimates and Errors" https://www.ifrs.org/issued-standards/list-of-standards/ias-8-accounting-policies-changes-in-accounting-estimates-and-errors/ 6. Accounting Standards Board of Japan (ASBJ). Japanese generally accepted accounting principles (JGAAP) Accounting Standard for Accounting Policy Disclosures, Accounting Changes and Error Corrections. www.asb.or.jp/en/jp-gaap/accounting_standards/y2020/2020-0331-03.html 7. APB 22: Disclosure of Accounting Policies APB 22 STATUS. APB22, Footnote 1-See APB Statement No. 4, This Opinion amends Statement No. 4 insofar as it relates to disclosure of accounting policies www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176156418903&acceptedDisclaimer=true 8. Lvova I.N. Accounting policy of the organization. "Magistr" (2010). ISBN: 978-5-9776-0057-6. https://books.academic.ru/book.nsf/ 9. Itkin Yu.M. The need to improve the reporting system. // J. Market, money and credit. №1. 1999. 51-54 p. 10. Juraev N. Accounting policy of the enterprise. // J. Mulkdor. №49-50. 1998. 18 December. 11. Ibragimov A.K. Improving the calculation, audit and costing of agricultural products: Autoref. Dissertations of Doctor of Economic Sciences-T .: BMA. 2002.-12 p. 12. Raximov M. Improving the accounting, analysis and auditing of financial results in grain production enterprises in a market economy.: Autoref. Dissertation...Candidate of Economic Sciences -T .: 1999. -35 p. 13. Rozhnova O.V., Grishkina S.N. Accounting policy of the enterprise. Formation, disclosure. - M .: Exam. 2001.160 p. 14. Kurbonboev J.E. Prospects for the formation, conduct and development of accounting policies in enterprises. 08.00.08-Accounting, economic analysis and auditig. Dissertation of the candidate of economic sciences. 2005, 34 p. BMA. 15. Karimov A.A., Rizaev N.K., Djumanov S.A. Financial reporting and accounting policies. «Science and education in the modern world: challenges of the XXI century» // Collection of materials of VII International Scientific-Practical Conference (Economic sciences)/Nur-Sultan, 2020. 105-108 p. conferences2018.kz@gmail.com 16. Rizaev N.K., Improving accounting policy of the bank on the basis of the International Financial Reporting Standards.//“Logistics and economics” electronic-scientific journal. - Tashkent, 2020. №1, 70-80 p. http://economyjournal.uz/ 17. Rizaev N.K., Khotamov K.R. Experience of Japan in introducing International Financial Reporting Standards // Electronic-scientific journal “Finance and Banking”. – Тashkent, 2020. №1, 105-117 p. http://journal.bfa.uz/archive 18. www.norma.uz/proekty_npa/perehod_na_msfo_nachnetsya_s_2021_goda 19. www.ifrs.org/issued-standards/list-of-standards/ 20. www.fasb.org/jsp/FASB/Page/LandingPage&cid=1175805317350 21. www.icaew.com/technical/financial-reporting/uk-gaap 22. https://www.pwc.com/im/en/publications/assets/1222080.pdf



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.