On the experience of implementing international standards in economic entities of Kyrgyzstan

UDC 336.221

Authors

Suinalieva N.K., Ermekova K., Zhoroeva A.M., Arzybaev A.A.

Abstract

The article is devoted to the problems of implementing standards in our country. Reporting in accordance with IFRS is one of the conditions that open up the possibility for enterprises to access international capital markets. The accounting system of business entities has significant differences from accounting systems of organizations of other types of activities, which causes an imperfection of the accounting methodology, taxation and internal control system. This is a serious obstacle to increasing investment.

Keywords

international financial reporting standards, reporting, methodology, accounting, globalization.