This article discusses the need to harmonize accounting in the Republic of Uzbekistan on the basis of international financial reporting standards and thereby enter the world market with accurate and reliable information, maintain accounting for liabilities and improve it on the basis of international standards, as well as the fact that the Resolution of the President of the Republic of Uzbekistan "On additional measures for the transition to international financial reporting standards" No. PQ-4611 dated February 24, 2020 was an important basis for the development of IFRS in our country.