METHODOLOGICAL FOUNDATIONS AND PRACTICAL ANALYSIS OF ACCOUNTING FOR PROPERTY, PLANT AND EQUIPMENT

Nematova Dilnoza Azamatovna

Authors

Nematova Dilnoza Azamatovna Basic Doctoral Student, Samarkand Institute of Economics and Service

Keywords:

accounting, property, plant and equipment, depreciation, financial reporting, inventory, long-term assets, NAS, IFRS.

Abstract

This article examines the methodological foundations of accounting for property, plant and equipment (PPE) in enterprises and organizations, their functions within the accounting system, as well as the theoretical and practical aspects of their presentation in financial statements. The issues of documenting fixed assets, calculating depreciation, conducting inventory, and their recognition in tax and financial accounting are systematically analyzed. During the study, the consistency between national accounting standards and International Financial Reporting Standards (IFRS) is evaluated, and conclusions are drawn based on practical examples.

References

National Accounting Standard No. 16 “Property, Plant and Equipment”.

Kieso, D.E., Weygandt, J.J., Warfield, T.D. Intermediate Accounting: IFRS Edition. Wiley, New York, 2020.

Libby, R., Libby, P.A., Short, D.G. Financial Accounting. McGraw-Hill Education, New York, 2019.

Tashnazarov, S.N. International Financial Reporting Standards. Tashkent: Iqtisodiyot, 2020.

Urazov, K.B. International Accounting and Financial Reporting Standards. Tashkent: Fan va Texnologiya, 2019.

Nematova, D.A. Improvement of reporting based on the results of revaluation of key instruments in accordance with international standards. American Journal of Advanced Scientific Research, Vol. 1, Issue 8, 2024, pp. 630–634.

Nematova, D.A. Coordination of national accounting with international standards in the Republic of Uzbekistan. American Journal of Advanced Scientific Research, Vol. 2, March 2025, pp. 359–366.

State Statistics Committee of the Republic of Uzbekistan.

Methodological materials prepared by the author.