THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF IFRS AND FINANCIAL REPORTING
DOI:
https://doi.org/10.5281/zenodo.19885914Keywords:
International Financial Reporting Standards, Conceptual Framework, financial transparency, fair value, methodological principles, global convergence, information asymmetry, stakeholder theoryAbstract
This scientific article examines the conceptual framework and methodological pillars of International
Financial Reporting Standards. The research focuses on the evolutionary path of financial reporting,
transitioning from historical cost accounting to fair value measurements. It provides a deep dive into the qualitative
characteristics of financial information, the challenges of global convergence, and the systemic gaps
in current implementation processes. By analyzing the interplay between transparency and market efficiency,
the study proposes strategic solutions for enhancing the reliability of financial disclosures in a volatile global
economy.
References
1. Alexander, D., & Nobes, C. (2020). Financial Accounting: An International Introduction. Pearson Education.
2. Barth, M. E. (2018). The Future of Financial Reporting: Insights from Research. Journal of Business
Finance & Accounting, 45(1-2), 66-78.
3. Barth, M. E., Li, K., & McClure, C. (2022). Evolution in Financial Reporting Standard Setting, Research,
and Classrooms. The Accounting Review, 97(3), 1-15.
4. Decree of the President of the Republic of Uzbekistan. (2020). On additional measures for the transition
to International Financial Reporting Standards. No. PP-4611.
5. Deegan, C. (2019). Financial Accounting Theory. McGraw-Hill Education.
6. Hormozi, A. (2021). The Impact of IFRS on Real Sector Investment in Emerging Economies. Journal of
International Financial Management & Accounting, 32(3), 245-267.
7. International Accounting Standards Board (IASB). (2018). Conceptual Framework for Financial Reporting.
IFRS Foundation.
8. Iskandarov, A., & Abdullaev, S. (2023). Methodological Aspects of Implementing IFRS in the Industrial
Enterprises of Uzbekistan. Economy and Society, 5(101), 112-120.
9. Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2022). Intermediate Accounting: IFRS Edition. Wiley.
10. Nobes, C., & Parker, R. (2020). Comparative International Accounting. Pearson.
11. Pardaev, M. Q., & Khasanov, B. A. (2021). International Financial Reporting Standards: Textbook for
Higher Education. Tashkent State University of Economics.
12. Scott, W. R. (2021). Financial Accounting Theory (8th ed.). Pearson Canada.
13. Stolowy, H., & Ding, Y. (2020). Financial Accounting and Reporting: A Global Perspective. Cengage
Learning Business Press.
14. Tursunov, A. S. (2022). Challenges of Fair Value Measurement in the Real Sector of Uzbekistan. Central
Asian Journal of Innovations and Research, 11(2), 45-53.
15. UNCTAD. (2021). International Accounting and Reporting Issues: 2021 Review. United Nations Publications.
16. Whittington, G. (2017). What is the Framework for? The Design and Application of IFRS. Cambridge
University Press.
17. World Bank. (2023). Report on the Observance of Standards and Codes (ROSC): Accounting and
Auditing in Uzbekistan. World Bank Group.
18. Zeff, S. A. (2012). The Evolution of the IFRS Conceptual Framework. Accounting in Europe, 9(2), 173-
195.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 GREEN ECONOMY AND DEVELOPMENT
This work is licensed under a Creative Commons Attribution 4.0 International License.