DIRECTIONS FOR RECOGNITION OF INVENTORIES ON THE BASIS OF THE REQUIREMENTS OF INTERNATIONAL STANDARDS

Authors

  • Khayitboyev Myxammadi Israpilovich Tashkent Institute of Finance., Uzbekistan

Keywords:

accounting, goods, inventories, cost, value, expense, report

Abstract

The recognition of inventories in production companies, their valuation and their accounting require continual improvement of modern development processes. This article presents scientific proposals and recommendations concerning the value of inventories at production enterprises, their occurrence, reflection in the composition of costs, improvement of the theoretical and methodological basis of accounting.

Downloads

Download data is not yet available.

References

Law of the Republic of Uzbekistan "On Accounting". April 13, 2016 No. 404

Decision of the President of the Republic of Uzbekistan dated February 24, 2020 No. PQ-4611 "On additional measures for the transition to international standards of financial reporting".

NSA No. 1 entitled "Accounting policy and financial reporting".

NSA No. 4 entitled "Inventories".

NSA No. 1 entitled "Presentation of financial statements".

ISA No. 2 entitled "Inventoriess".

ISA No. 8 entitled "Accounting Policies, Changes in Accounting Estimates and Errors".

ISA No. 10 entitled "Events after the Reporting Period".

ISA No. 23 entitled "Borrowing Costs".

Ochilov I.K., Kurbanboyev J.E. Financial accounting. -T.: "ECONOMY-FINANCE", 2007. -488 p.

Norbekov D.E., Makhmudov A.N., Muhammedova D.A. Accounting. -T.: "Economy-Finance", 2018. -248 p.

Sam Sedki. Abby Smith, Aissa Strickland. Differences and Similarities Between IFRS and GAAP on Inventory. Revenue Recognition and Consolidated Financial Statements. Journal of Accounting and Finance vol. 14(2) 2014.

Downloads

Published

2023-10-13

How to Cite

Khayitboyev Myxammadi Israpilovich. (2023). DIRECTIONS FOR RECOGNITION OF INVENTORIES ON THE BASIS OF THE REQUIREMENTS OF INTERNATIONAL STANDARDS. American Journal of Economics and Business Management, 6(10), 62–65. Retrieved from https://globalresearchnetwork.us/index.php/ajebm/article/view/2477