35 Economy and Business

(Uzbekistan, Tashkent) 
Abstract. The article is devoted to the reform of accounting based on the achievements of the 
world practice, in particular the international financial reporting standards (IFRS). It sets out 
the necessity and the main directions of accounting reform. As a result, the comparative study of 
the fundamental principles of the national accounting and international financial reporting 
standards revealed major discrepancies. Outlined the main achievements in the integration of 
the national accounting system in the world community. In conclusion formed recommendations 
on priority directions of further reforming of accounting based on IFRS. 
Keywords: accounting, SNA, IFRS, regulation, financial reporting, methodological ap-
proaches, model.