Necessity and Tasks of Formation of Accounting Policy in Commercial Banks

Zokir Mamadiyarov; Karimova Feruza

Necessity and Tasks of Formation of Accounting Policy in Commercial Banks

Authors

Zokir Mamadiyarov 1. DSc, Professor, International School of Finance and Technology Institute, Uzbekistan
Karimova Feruza Master of Banking and Finance Academy of the Republic of Uzbekistan

Keywords:

International financial reporting standards (IFRS), financial reporting, financial result, profit, loss, income, expense, accounting policy .

Abstract

Accounting of financial results in banks is very important to show their financial status and activity correctly. Financial accounting in banks involves measuring, recording and reporting financial transactions, assets, liabilities, equity, income and expenses. These reports provide stakeholders, including regulators, investors and management, with important insights into the financial health of the bank.

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Published

2024-09-17

How to Cite

Zokir Mamadiyarov, & Karimova Feruza. (2024). Necessity and Tasks of Formation of Accounting Policy in Commercial Banks. Procedia on Economic Scientific Research, 12, 324–326. Retrieved from https://procedia.online/index.php/economic/article/view/1488