The status of the use of fixed assets in international financial reporting standards analysis and ways to improve it

Modernization of economic entities of Uzbekistan, increasing the value of accounting in the context of technical and technological re-equipment, reforming the existing accounting in the country and reporting in accordance with the requirements of modern national and international economy. It was also noted that the application of international standards in Uzbekistan and the impact of its achievements on the economy and the attraction of large-scale investment. Scientific views of foreign and domestic scientists on the application of international standards are also cited. In general, this article emphasizes the need to introduce an international accounting and reporting system, which is a prerequisite for integration into the world economic community, and as a result draws scientifically sound conclusions. In general, this article emphasizes the need to introduce an international accounting and reporting system, which is a prerequisite for integration into the world economic community, and as a result draws scientifically sound conclusions. It is also necessary to introduce an international accounting and reporting system, which is a prerequisite for integration into the world economic community in order to strengthen the export-oriented economy of Uzbekistan to access foreign markets and create access to soft loans from foreign banks. The authors present their views and suggestions on the principles and rules set out in IFRSs, which represent an international system of standard principles for the preparation and presentation of financial statements that are widely used in many countries. In the context of modernization, technical and technological re-equipment of economic entities of Uzbekistan, the value of the accounting system is growing. Reforming the existing accounting and reporting system in our country in accordance with the requirements of the modern national and international economy is the most urgent and important condition of the economy today. Recommendations and proposals have been made to introduce an international accounting and reporting system, which is a key condition for integration into the world economic community in order to strengthen the access of Uzbekistan's export-oriented economy to foreign markets and access to soft loans from foreign banks.