Vol. 3 No. 04 (2026): INTERNATIONAL JOURNAL OF SCIENCE AND TECHNOLOGY
Articles

APPLICATION OF EUROPEAN EXPERIENCE IN FINANCIAL REPORTING AND ACCOUNTING IN UZBEKISTAN BASED ON IFRS USING ARTIFICIAL INTELLIGENCE

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  • Norbotaeva Shokhsanam Akhror-qizi
Norbotaeva Shokhsanam Akhror-qizi
Master’s student, National Research University "Tashkent Institute of Irrigation and Agricultural Mechanization Engineers institute ",Tashkent,Uzbekistan

Published 23-03-2026

Keywords

  • IFRS, financial reporting, artificial intelligence, accounting modernization, European experience, Uzbekistan
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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

APPLICATION OF EUROPEAN EXPERIENCE IN FINANCIAL REPORTING AND ACCOUNTING IN UZBEKISTAN BASED ON IFRS USING ARTIFICIAL INTELLIGENCE. (2026). INTERNATIONAL JOURNAL OF SCIENCE AND TECHNOLOGY, 3(04), 27-33. https://doi.org/10.70728/tech.v3.i04.005

Abstract

The modernization of accounting systems and the implementation of internationally recognized financial reporting standards have become essential components of economic reforms in many developing countries. Uzbekistan has recently introduced several initiatives aimed at aligning its accounting practices with International Financial Reporting Standards (IFRS) in order to enhance financial transparency and improve the investment climate. At the same time, rapid technological progress has created new opportunities for improving accounting processes through digital tools and artificial intelligence. European countries have accumulated considerable experience in implementing IFRS and integrating modern technologies into accounting systems. The purpose of this research is to examine the experience of European countries in the preparation of financial statements according to IFRS and to analyze the potential role of artificial intelligence in improving accounting practices in Uzbekistan. The study uses comparative and analytical methods to evaluate institutional frameworks, technological developments, and regulatory approaches related to financial reporting. The results demonstrate that the combination of international accounting standards and advanced digital technologies can significantly increase the efficiency and reliability of financial reporting systems. The study also provides recommendations for strengthening the accounting infrastructure in Uzbekistan through technological modernization and professional development.

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References

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