IMPROVEMENT CASH FLOW STATEMENT BASED ON INTERNATIONAL STANDARDS

Аннотация

This article describes how toprepare a cashflow statement using the direct method based on International Financial Reporting Standards. Jn our country, only the direct method is used in the preparation of cashflow statements, so the introduction of the direct method by us will help to increase investor confidence infinancial statements. Keywords: cash, cash equivalents, cash flow statement, direct method, operating activity, investment activity, financial activity, financial statement, receipts from customers, payments to suppliers for goods and services, payments to employees, profit taxpayments. Introduction. The main attempt to prepare financial statements for busines s entities is the statement of financial position. An entity shall apply the same accounting policies in all periods covered by its initial financial statements in IFRS. The business entity should not apply other previously applicable IFRSs. A business entity may apply a new IFRS that is not yet in force when the early application of this IFRS is permitted. Except as otherwise provided, the entity shall include in its initial statement of financial position under IFRS: (a) recognize all assets and liabilities that are required to be recognized under IFRSs; Выпуск журнала №-23 Часть–3_ Апрель –2025 222 MODERN EDUCATION AND DEVELOPMENT (b) IFRSs do not recognize assets and liabilities that are not recognized; (c) items that are recognized as a single type of asset, liability or equity under the previou s IFRS but recognized as an asset, liability or other type of equity under IFRSs should not be reclassified; and (g) apply IFRSs in the valuation of all recognized assets and liabilities [1]. The accounting policies used by an entity in its initial statement of financial position under IFRS may differ from the accounting policies used by it on the same date as in the previous IFRS. The resulting adjustments are the result of operations and events that occur before the date of transition to IFRS. Therefore, an entity shall recognize these adjustments in retained earnings (or, if appropriate, in another category of equity) at the date of transition to IFRSs. Accordingly, it allows you to prepare a cash flow statement after you have prepared the financial position and profit and loss statements. The need to prepare financial statements in accordance with International Financial Reporting Standards Presidential Decree No. PP-4611 of February 24, 2020 determined on the basis of the decision [2]. Based on this, it is determined that the cash flow statement should be prepared in accordance with international standards. In international practice, investment focuses on the statement of cash flows, which is one of the forms of financial reporting. This is because of the fact that the more money a subject receives and receives, the more interest they will have. Literature review. Economists from both foreign and CIS countries have studied the issues of improving the procedure for compiling and submitting cash flow statements. Among them are A.Arens, B.Nidlz, V.Savitskaya, M.Bocharev, K.Lobbek, P.Kamyshanov, A.Ionova and others. Scientists of the republic of Uzbekistan have also achieved some results in the development and implementation of the procedure for compiling and submitting cash flow reports. In this regard, the research of leading economic scientists of the republic of Uzbekistan I.T Abdukarimov, M.K Pardaev, A.S Sativoldiev, A.V Vahobov, M.M Tolakhojaeva, A.K Ibragimov, A.H Pardaev, O.M Kuljanov and others reported. However, these Выпуск журнала №-23 Часть–3_ Апрель –2025 223 MODERN EDUCATION AND DEVELOPMENT procedures do not disclose the procedure for preparing the statement of cash flows using the direct method in accordance with International Financial Reporting Standards. Research methodology. This paper provides analysis, grouping, analysis, synthesis, induction, deduction, comparative comparison, data collection, and economic research of selected research literature in order to reveal the procedure for compiling a cash flow statement using the direct method based on International Financial Reporting Standards widely used as mathematics. Analysis and discussion of results (main part). When used in conjunction with other financial statements, a cash flow statement allows users to assess changes in the entity's net assets, their financial structure (liquidity and solvency) and their ability to influence the amount and timing of its cash flows to adapt to changing opportunities and conditions. provides. Cash flow information is useful in assessing an entity's ability to generate cash and cash equivalents, and allows users to develop models for estimating and comparing the present (present) value of future cash flows for different entities [3]. The cash flow statement allows users to assess changes in the entity's financial position, providing them with information about how much cash was received and how much was spent during the reporting per