Problems of Accounting in Small Business and Private Entrepreneurship Entities in Accordance with the International Financial Reporting Standards (IFRS)

In the article given some of the features of maintaining accounting in small business in transition to IFRS were analyzed. Improving the accounting in such businesses is crucial in the prosperity of the minor business sector. Investing in these kinds of companies are not largely found in practice, as bigger and medium businesses are more lucrative for investors in terms of receiving dividends in not quite a long term. The possibility of the development of small businesses in Uzbekistan is on one hand dependent on the investment from abroad, winning in tenders and acquiring credits. However, getting financed is hugely relies on the approxiimity of financial reports of organizations to international standards.