ISSUES AND IMPLEMENTATION OF FOREIGN CURRENCY OPERATIONS ACCORDING WITH IFRS AT JOINT STOCK COMPANY IN UZBEKISTAN

Abstrakti

Accounting for import and export operations of goods causes difficulties for company accountants. The problems are explained by the fact that for some positions, the regulatory acts on accounting and tax accounting provide for different approaches to the reflection of foreign exchange transactions. In this article, we will try to deal with these issues. It should be noted that in order to achieve these positive results, it will be necessary to implement measures for the effective implementation of IFRS in the national market. Studying the experience of European and Asian countries on the implementation of IFRS and fair assessment of problems and prospects in this process is a great opportunity during the transition of companies in Uzbekistan to the process of accounting and financial reporting in accordance with IFRS. This process, in turn, serves to increase information transparency, accountability and economic efficiency. In addition, the application of IFRS leads to the improvement of market liquidity, the development of capital markets, the expansion of the scope of trading in stock markets, the entry of foreign investments into the national market, and the improvement of investor protection.