Farizabonu Yusupova,
PhD student of the Samarkand Institute of Economics and Service
Email: yusupovaf.95@gmail.com
Samarkand, Uzbekistan
Abstract: This article analyzes the current state of financial performance reporting. Based on international financial reporting standards (IFRS) and best practices, a new form of “statement of profit or loss and other comprehensive income” was developed. In the form of the proposed report, the structure of income related to ordinary activities was developed. These indicators are reflected in the report on the income from operating activities and financial activities. In the report, incomes not related to ordinary activities (other incomes) were also reflected in the section of separate components. The results of ongoing activities and completed activities are recorded separately. The attractiveness of the report is also enhanced by the fact that it is recommended to reflect the profit and the total comprehensive income by international standards by dividing the controlled shareholders and the non-controlled participants.
Keywords: income, expenses, gross profit (loss), profit (loss) of operating activities, income and expenses from financial activities, profit (loss) of the main (ordinary) activity, income and expenses not related to the main (ordinary) activity, net profit