Transformation of Financial Statements of Joint-Stock Companies in the Context of the Transition to International Financial Reporting Standards
Аннотация
This article explores the theoretical and practical aspects of transforming the financial statements of joint-stock companies in the context of the transition to international financial reporting standards. It examines the essence of financial reporting as a key element of the market's information infrastructure, ensuring the formation of transparent and comparable financial information. The regulatory and legal prerequisites for the implementation of IFRS in the Republic of Uzbekistan, as well as the features and challenges of their practical application in the activities of joint-stock companies, are analyzed. Particular attention is paid to the comparability of reporting data, accounting organization, and the need to adapt accounting policies and information systems. It is substantiated that the implementation of international financial reporting standards contributes to improving the quality of corporate governance and the investment attractiveness of companies, and also expands the analytical capabilities of financial statements for making management and investment decisions.