INTERNATIONAL STANDARDS IN THE FIELD OF ACCOUNTING: A COMPREHENSIVE OVERVIEW

Authors

  • Bo‘Ronov Ibrohimbek Safar Oʻgʻli 3rd Level Student Of Termiz State University, Faculty Of Economics And Tourism 60410100-Accounting And Auditing (By Branches), Uzbekistan

Keywords:

International Accounting Standards, IFRS, GAAP

Abstract

The increasing globalization of businesses necessitates a uniform framework for financial reporting to enhance transparency, comparability, and reliability of financial statements. International standards in accounting, primarily guided by the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP), aim to provide this uniformity. This article explores the development, application, and impact of these international standards, highlighting their role in harmonizing accounting practices across different jurisdictions.

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References

International Accounting Standards Board (IASB). (2020). IFRS Standards.

Financial Accounting Standards Board (FASB). (2020). GAAP Standards.

Nobes, C., & Parker, R. (2016). Comparative International Accounting. Pearson Education.

Barth, M. E. (2008). Global financial reporting: Implications for US academics. The Accounting Review, 83(5), 1159-1179.

Zeff, S. A. (2012). The evolution of the IASC into the IASB, and the challenges it faces. The Accounting Review, 87(3), 807-837.

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Published

2024-06-19

How to Cite

Bo‘Ronov Ibrohimbek Safar Oʻgʻli. (2024). INTERNATIONAL STANDARDS IN THE FIELD OF ACCOUNTING: A COMPREHENSIVE OVERVIEW. International Scientific and Current Research Conferences, 1(01), 95–96. Retrieved from https://www.orientalpublication.com/index.php/iscrc/article/view/1562

Issue

BEYOND BOUNDARIES INTERDISCIPLINARY APPROACHES TO GLOBAL CHALLENGES AND OPPORTUNITIES

Section

Articles

License

Copyright (c) 2024 Bo‘Ronov Ibrohimbek Safar Oʻgʻli

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