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IMPROVING THE ACCOUNTING OF LONG-TERM ASSETS BASED ON INTERNATIONAL STANDARDS

📘 Volume 11 📄 Issue 2 📅 february 2024

👤 Authors

Toshpulatov Azizbek Asilbek ugli 1
1. Teacher at Kimyo International University in Tashkent, Economics, Uzbekistan

📄 Abstract

This paper explores the necessity and methods for enhancing the accounting practices related to long-term assets in accordance with international standards. It discusses the importance of aligning national accounting systems with global standards to improve transparency, comparability, and reliability of financial information. The study highlights key changes required in the classification, recognition, measurement, and disclosure of long-term assets to ensure compliance with international accounting principles. Furthermore, it emphasizes the benefits of adopting international standards in promoting investment, facilitating cross-border transactions, and enhancing the credibility of financial statements.

🏷️ Keywords

Accounting Standards Long-term Assets Biological Assets International Financial Reporting Standards (IFRS) Capital Investments Financial Statements Agricultural Products.

📚 How to Cite:

Toshpulatov Azizbek Asilbek ugli , IMPROVING THE ACCOUNTING OF LONG-TERM ASSETS BASED ON INTERNATIONAL STANDARDS , Volume 11 , Issue 2, february 2024, EPRA International Journal of Economics, Business and Management Studies (EBMS) ,

🔗 PDF URL

https://cdn.epratrustpublishing.com/article/1008pm_7.EPRA JOURNALS 15801.pdf

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