ADJUSTING NATIONAL ACCOUNTING STANDARDS IN COMPLIANCE WITH INTERNATIONAL STANDARDS IN UZBEKISTAN (as exemplified by intangible assets)
Ключевые слова:
asset, book value, intangible asset, research, development, amortization, financial reporting, revaluation, useful economic life, fair value, correlation, regression, analysis.Аннотация
The article is devoted to the consideration of the problems arising in the process of globalization and experienced in adjusting the National Accounting Standards (NAS) in Uzbekistan, including the standard related to intangible assets, in compliance with the International Financial Reporting Standards (IFRS), as well as the solutions proposed thereof. Herewith the author proposes the recommendations worked out for recognition of intangible assets, assessment of book value, the method of calculating amortization, revaluation model, the order of disclosure of information on intangible assets in the financial statements in accordance with international standards (IFRS 38). Moreover, there some considerations on the revaluation model of intangible assets to assess their impact on initial value, amortization, long-term and total assets.
Библиографические ссылки
Resolution of the President of the Republic of Uzbekistan №PR-4611 “On additional measures to transition to International Financial Reporting Standards” dated February 24, 2020.
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