Axmetova Nasiba Axmetovna
Tashkent State University of Economics
Faculty of Accounting
ORCID: 0009-0007-1874-594X
Abstract. This article indicates the intangible asset accounting processes in terms of digital accounting systems. In the context of a business increasingly integrated into the digital economy, intangibles, which include software, patents, trademarks, and various digital content, hold significant value. Unlike tangible assets, intangible assets face unique complexities when it comes to reporting, measuring, and identifying. This research looks at the incorporation of these assets into accounting systems and the implications of IAS 38 within the framework of precise and uniform financial reporting. The article analyzes the practices that prevail in the accounting of intangible assets and the impact of digitalization and attempts to recommend strategies to improve accounting practices. The swift evolution of technology transformed the concept of intangibles to include digital assets, intellectual property, and brand image. This transformation in the global financial market requires precise rules and regulations, especially in a globally interconnected setting, and demands accurate practices for recognition, measurement, and disclosure. This article analyzes the treatment of intangibles under IFRS and the challenges of identification, valuation, and disclosure in contemporary society.
Key words. Intangible assets, digital accounting, IAS 38, IFRS, digital economy, intangible asset valuation, financial reporting, digital transformation, amortization, impairment