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Home > Archives > Volume 20, No 11 (2022) > Article

DOI: 10.14704/nq.2022.20.11.NQ66273

Issues of improving income accounting in accordance with International Financial Reporting Standards

Eshpulatova Zaynab Baratovna,Rafeev Davron Rafeevich


The introduction of International Financial Reporting Standards (IFRS) in our country is one of the important issues on the dental agenda. Today, one of the most important tasks of the country 'ng is the application of international practice in the accounting system to recognize income and expenses, which are the main indicators of financial accounting. This article describes and reveals the concept of accounting for income as an element of financial reporting in accordance with international standards of importance in the accounting system. Today, the study and improvement of the methodological side of this process also remains one of the most important issues. This article will also discuss the definition, composition, recognition, size, and composition of financial statements by type of income, such as income included in income reports.


income, conceptual provisions, element of financial statements, profit or loss, interest, royalties, enterprises, international financial reporting standards, expenses, assets, liabilities, specific capital.

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