UDC 657
Authors
Ermatov K. B.
Postgraduate Student of the Higher School of Economics, Kyrgyz National
University named after Zh. Balasagyn, Bishkek, Kyrgyz Republic
Abstract
This article examines the problems of organizing accounting in
economic entities of the construction industry of Kyrgyzstan in modern conditions
of their functioning, and assesses the organizational and economic foundations
for the development of the construction industry of Kyrgyzstan. Research
conducted during the preparation of the article showed that in Kyrgyzstan today
there are no real prerequisites for local accounting reform; ordinary accountants
have no interest in any changes in the accounting system. In our opinion, International
Financial Reporting Standards (IFRS) adopted as national standards
should be accompanied by a large number of comments on application, examples
and, most importantly, explanations of the appropriateness of IFRS.
Accountants should have a uniform understanding of why IFRS data was
adopted and why reporting will now become more informative for all categories
of users. Along with this, it is necessary to train qualified workers capable of
creating a high-quality product. Of course, professional accounting organizations
should also join this process.
However, we believe that without the formation of interested and empowered
users of financial statements (especially owners and managers of enterprises),
the latter will never be prepared at a sufficiently high level. Only the
high demands of shareholders, banks, exchanges and other users will lead to
the creation of conditions for the generation of high-quality financial reporting
in accordance with IFRS.
Keywords
economics, accounting, analysis, assessment, capital, contract, construction, implementation, capital investment, research, processes, system, double entry, accounts.
