Scientific and Methodological Foundations for Improving Fixed Assets Accounting Based on International Standards

This scientific article is dedicated to the conceptual and methodological foundations for improving fixed assets accounting in Uzbekistan based on the principles of International Financial Reporting Standards (IFRS 16). The research conducts a detailed comparative analysis of the key differences between the existing National Standard of Financial Accounting (NSFA) No. 5 and IFRS 16, covering measurement models, component accounting, and impairment recognition. The article highlights the necessity of transitioning to IFRS, its significance for the economy, and the practical challenges encountered during the process. Based on an analysis of international experience, specific recommendations have been developed for legislative reform, professional development, and the adoption of information technologies. The conclusion substantiates the role of aligning fixed assets accounting with IFRS in improving the investment climate and enhancing the competitiveness of enterprises.