The current situation and development prospects of the electric power sector in Uzbekistan

Abstract

This article describes the accounting practice adopted in the energy sector in accordance with IFRS. The energy sector is an integral part of the global economy, and today many companies are entering foreign markets, and some enterprises have begun to operate on a global scale. The introduction of IFRS is a long-term and highly profitable tool for energy companies, but there are serious problems with the introduction of this system, which we will discuss in the article.