Accounting for Financial Instruments: The Main Differences According to National Accounting Standards of Uzbekistan and IFRS

Abstract

At the international level, the pandemic is escalating, and the deepening economic crisis is affecting all sectors of the economy. In such a situation, such issues as steady population growth, achieving sustainable economic development, ensuring the well-being of the population, and creating permanent jobs are on the agenda. In turn, one of the key factors in the development of the economy is the adaptation of accounting and reporting systems in the country to the requirements of international financial reporting standards. In accordance with the above requirements, in this article we examined the differences in accounting for financial instruments in accordance with national and international financial reporting standards.