IMPORTANCE OF ALIGNING AGRICULTURAL ACCOUNTING WITH INTERNATIONAL STANDARDS

Аннотация

Agriculture is a key sector of Uzbekistan’s economy, contributing significantly to food security, employment, and export revenues. However, the alignment of agricultural accounting practices with International Financial Reporting Standards (IFRS) remains a challenge. This study focuses on the adoption of IFRS, particularly IAS 41 (“Agriculture”), to improve the transparency, reliability, and international comparability of financial reporting in agricultural enterprises. The research evaluates the current state of financial reporting in Uzbekistan’s agricultural sector, identifies challenges in implementing IFRS, and proposes practical solutions to address these challenges. Keywords: Agriculture, financial results, biological assets, fair value, International Financial Reporting Standards (IFRS), IAS 41, financial transparency, investment attractiveness, accounting practices, Uzbekistan agriculture, digital transformation, regulatory reforms, financial reporting, economic efficiency, accounting automation, global competitiveness.