This article examines the content of Islamic accounting. An attempt is made to reveal its essence more broadly by comparing Islamic accounting with traditional accounting. The rates proposed by various scholars on Islamic accounting are presented and analyzed. For a complete understanding of Islamic accounting, the main features of the Islamic financial system are also discussed. Existing reports in financial statements and additional reporting forms added to them in Islamic accounting are also considered. The reasons for the appearance of additional items in the balance sheet and financial statements, the balance sheet items covered by these items, and a description of the financial transactions related to profits and losses are provided. In conclusion, the differences between the objectives of Islamic accounting and traditional accounting are highlighted

This article highlights the importance of quantitative and qualitative characteristics of accounting information as a significant factor in ensuring the continuity of business entities’ operations, attracting financing sources, and making effective managerial decisions. Existing problems related to presenting financial reporting indicators in a transparent, accurate, reliable manner and in accordance with their economic substance from the perspective of interested users, particularly commercial banks, investors, and creditors, are analyzed, and scientific proposals and practical recommendations aimed at eliminating these problems are developed. In particular, approaches are substantiated that ensure the consistency of quantitative and qualitative characteristics of accounting information through the reclassification of certain balance sheet items based on their economic substance during the financial analysis process, thereby contributing to an objective assessment of the enterprise’s solvency and financial stability

This article scientifically covers the issues of improving the process of revaluation of fixed assets. In particular, a comparative analysis of national and international standards for revaluation of fixed assets is carried out, their similarities and differences are revealed. Also, methods of revaluation of fixed assets are classified and the procedure for their application in practice is described. Scientifically based proposals are developed on the consistent sequence of organization and implementation of the revaluation process, and relevant conclusions are formulated.

Improvement of lease accounting in lessee enterprises on the basis of international financial reporting standards (IFRS) serves to increase financial transparency, clear reflection of assets and liabilities, and increase investment attractiveness. On the basis of IFRS 16 "Lease" standard, the correct reflection of leasing obligations in the balance sheet and the realistic reflection of the financial situation of enterprises were considered.