Features of Application of International Financial Reporting Standards in the Accounting System for Intangible Assets of the Republic of Uzbekistan

Abstract

The article reveals the features of the application of IFRS in the system of accounting for intangible assets of the Republic of Uzbekistan. The article presents a comparative description of the requirements of national and international standards in relation to intangible assets. The scope of NAS 7 and IAS 38 is determined. The criteria for recognizing intangible assets in accounting, the issues of determining their initial and fair value, and the conditions for calculating depreciation are considered.