Features of Application of International Financial Reporting Standards in the Accounting System for Intangible Assets of the Republic of Uzbekistan

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Published
2024-05-12
Issue
Vol. 2 No. 4 (2024): Innovative: International Multi-disciplinary Journal of Applied Technology
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Authors

  • Pardayev Abdunabi Xolikovich BD

    Tashkent State University of Economics, Professor of "Accounting and Reporting" department, Doctor of Science in Economics
Keywords:
intangible assets, recognition, valuation, cost, depreciation, useful life, reporting
Abstract

The article reveals the features of the application of IFRS in the system of accounting for intangible assets of the Republic of Uzbekistan. The article presents a comparative description of the requirements of national and international standards in relation to intangible assets. The scope of NAS 7 and IAS 38 is determined. The criteria for recognizing intangible assets in accounting, the issues of determining their initial and fair value, and the conditions for calculating depreciation are considered.

How to Cite

Pardayev Abdunabi Xolikovich. (2024). Features of Application of International Financial Reporting Standards in the Accounting System for Intangible Assets of the Republic of Uzbekistan. Innovative Multidisciplinary Journal of Applied Technology, 2(4), 72-76. https://www.multijournals.org/index.php/innovative/article/view/871