FINANCIAL LEASING IN ACCOUNTING: A COMPARATIVE ANALYSIS OF THE USA AND UZBEKISTAN
Keywords:
Payment, finance, financial leasing, assets, National Accounting Standards (NAS), business, financial resources, lending, individual payment, corruption, collective payment, need, want, savings, Financial Accounting Standards Board's (FASB), right-of-use asset, operating lease, The Internal Revenue Service (IRS),Abstract
The purpose of this work is analysis and importance of Financial leasing in accounting systems of the USA and Uzbekistan. This article aims to provide a comprehensive analysis of financial leasing in accounting, focusing on the United States (USA) and Uzbekistan. By comparing the practices and regulations in these two countries, we can gain insights into the similarities and differences in financial leasing processes.
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References
J. Davis Spiceland., Mark W. Nelson., Wayne B. Thomas. Intermediate Accounting. (Tenth Edition).
Financial Accounting Standards Board (FASB). (2021). Accounting Standards Codification (ASC) 842: Leases.
The Central Bank of Uzbekistan. (2021). Law on Financial Leasing.
Republic of Uzbekistan. (2021). Tax Code of Uzbekistan.
International Finance Corporation (IFC). (2019). Financial Leasing in Uzbekistan: A Market Study.
Financial Accounting Standards Board (FASB). (2016). Accounting Standards Update No. 2016-02: Leases.
National Accounting Standards of Uzbekistan (NAS). (2018). Accounting for Leases.
International Financial Reporting Standards (IFRS) 16: Leases.
Moonitz, M. (1961). The Financial Lease—Its Nature and Accounting. The Accounting Review, 36(3), 479-488.
Müller, K. P., & Karagiorgos, T. (2018). The Role of Financial Leasing for Small and Medium Enterprises. Journal of International Studies, 11(1), 225-239.
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