MODERN APPROACHES TO THE PREPARATION AND ANALYSIS OF FINANCIAL STATEMENTS IN UZBEKISTAN

Ismatkhujaeva Laylokhon Izzatkhuja qizi
The 2nd year Master’s Degree Student, Faculty of Accaunting
Field of Study: “Accounting (by industry and sector)”, TSUE,
Tashkent, Uzbekistan. E-mail:Laylo.ismatkhujaeva@mail.ru
JEL classification: G18 G38
Abstract: This study examines modern approaches to the preparation and analysis of financial reporting in the Republic of Uzbekistan during the transitional period from National Accounting Standards (NAS) to International Financial Reporting Standards (IFRS). The relevance of the topic stems from the need to improve the transparency, reliability, and comparability of financial data amid the active development of the market economy and growing integration with global financial institutions. Special attention is given to the digitalization and automation of accounting processes, which significantly enhance the efficiency of financial data preparation and simplify both internal and external analysis.
The paper analyzes the legal and regulatory framework for financial reporting, as well as the practical application of international standards across enterprises in various sectors. It explores the methodological aspects of constructing the main forms of reporting — the balance sheet, the statement of financial performance, the cash flow statement, and the statement of changes in equity.
The results of the study enable an assessment of the readiness of Uzbekistan’s accounting system for full adoption of IFRS and outline key directions for further improvement of financial reporting in the context of global trends in digital transformation and international accounting harmonization.
Keywords: financial reporting, IFRS, NAS, digitization, automation, Uzbekistan, financial analysis.