Peculiarities of the Accounting of Liabilities According to International Financial Reporting Standards

Kozimjonov Abrorbek ¹

¹ Department of Accounting Tashkent State university of economics, Tashkent, Uzbekistan,

Abstract

This article is devoted to the consideration of the concepts of debt obligations and existing theoretical views related to their calculation. In addition, the article reveals the role and significance of International Financial Reporting Standards (IFRS) in the organization of accounting in economic entities and specific aspects of the emergence of debt obligations according to IFRS. The research papers of economists have been investigated and relevant conclusions and proposals have been developed within this topic

Keywords: obligation; IFRS; debt; current liabilities; long-term liabilities; contingent liabilities.