Obidov Rakhmonali Rasulovich,
PhD. Associate Professor, Tashkent Institute of Finance Tashkent, Uzbekistan. Email: rahmonali_obidov@tfi.uz ORCID: ORCID: 0009-0009-0435-1928
Abstract. Today, as we all know, the economy is developing rapidly. If we analyze developed enterprises, most of them do not use new techniques and technologies. This gives them new opportunities. At the same time, it causes some shortcomings and problems in the accounting of fixed assets. Eliminating these problems is one of the urgent tasks of all accountants as well as economists today. Digital technologies are based on modern techniques and technologies, and when they are put into operation, it is necessary to attract qualified specialists to the production processes.In this article, the accounting of fixed assets in business and economic entities based on national and international standards, the correct reflection of income and expenses in accounting and their write-off, the achievement of positive financial results, i.e., the maximum profit, the accounting and reporting of financial results in companies are described quickly and opportunities for obtaining reliable information and making important management decisions are mentioned. At the same time, the issues of recognition of income and expenses, formation of financial results in different balance sheet theories, reflection of financial results in accounting according to different concepts, improvement of accounting information supply on financial results, analysis of profitability indicators of fixed assets have been solved. It should be recognized that in business and entrepreneurial entities, in the accounting of fixed assets, it is possible to determine their useful life, end value, and profitability indicators. The scientific researches of a number of foreign economists on creating and improving the theoretical and methodological foundations of accounting of fixed assets in business and entrepreneurial entities based on national and international standards are highlighted.
Keywodrs: fixed assets, useful life of fixed assets, liquidation value, profitability indicators, depreciation value of fixed assets, financial results, recognition of income, recognition of expenses, financial statement