THE PATHWAYS OF TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS

Аннотация

The article explains the transition to international financial reporting standards. The possibilities and directions for improving the investment climate in the country's economy through the application of international financial reporting standards based on the experience of developed countries are studied. The article explains the transition and implementation of International Financial Reporting Standards (IFRS) is a topical issue for all countries to improve financial reporting, the transition to the preparation of financial statements on the basis of IFRS as a result of compilation of financial statements in many countries around the world. The article draws scientific and practical conclusions, as well as proposals and recommendations for the transition and implementation of International Financial Reporting Standards.