i.f.d., prof. Jasur Imamboyevich Karimkulov,
Nuritdinova Mokhinur,
Master student of TFI
Tashkent, Uzbekistan
Email:moxinurnuritdinovaaa2735@gmail.com
Abstract. This article describes the accounting practices adopted in the energy sector in accordance with the IFRS. The energy sector is an integral part of the world economy, and today many companies are entering foreign markets, and some enterprises have begun to work on a global scale. The implementation of IFRS is a tool that brings long-term and large profits to energy companies, but serious problems in the implementation of this system have also been studied, as a result of conducting social surveys, the authors have analyzed the state of the electric power industry in order to improve the business environment, and scientifically based proposals and recommendations have been developed.
Key words: financial management, financial reporting, power industry, IFRS, accounting, investments, corporation, thermal power plant.