This article explores the pillars of the global standard of accounting, emphasizing their significance, evolution, and key components. It discusses the importance of a unified standard in facilitating international trade and investment, the historical context of accounting standards convergence, and the role of organizations like the International Accounting Standards Board (IASB) in developing International Financial Reporting Standards (IFRS). Additionally, it highlights challenges and future directions in achieving uniformity across jurisdictions.
This article explores the pillars of the global standard of accounting, emphasizing their significance, evolution, and key components. It discusses the importance of a unified standard in facilitating international trade and investment, the historical context of accounting standards convergence, and the role of organizations like the International Accounting Standards Board (IASB) in developing International Financial Reporting Standards (IFRS). Additionally, it highlights challenges and future directions in achieving uniformity across jurisdictions.
| № | Author name | position | Name of organisation |
|---|---|---|---|
| 1 | Ismailov S.S. | Teacher | Termiz State University |
| № | Name of reference |
|---|---|
| 1 | 1. International Accounting Standards Board. (2022). About Us. Retrieved from https://www.ifrs.org/about-us/ |
| 2 | 2. International Accounting Standards Board. (2022). International Financial Reporting Standards (IFRS). Retrieved from https://www.ifrs.org/use-around-the-world/ |
| 3 | 3. Ernst & Young Global Limited. (2022). International GAAP®. Retrieved from https://www.ey.com/en_gl/ifrs |
| 4 | 4. Nobes, C., & Parker, R. (2021). Comparative International Accounting (14th ed.). Pearson. |
| 5 | 5. Alexander, D., Britton, A., & Jorissen, A. (2017). International Financial Reporting and Analysis (7th ed.). Cengage Learning. |