Main Movements in Accounting Records’ Development of the Republic of Kazakhstan in the Context of Economic Globalization

  • Saltanat K. BAYDYBEKOVA Zhetysu State University named after I. Zhansugurov, Department of Accounting and Auditing, Taldykorgan, Republic of Kazakhstan
  • Zhupargul Sh. ABDYKALIEVA Zhetysu State University named after I.Zhansugurov, Department of Accounting and Auditing, Taldykorgan, Republic of Kazakhstan
  • Aida D. TOLEGENOVA Zhetysu State University named after I.Zhansugurov, Department of Accounting and Auditing, Taldykorgan, Republic of Kazakhstan
  • Aynur R. KEREEVA Zhetysu State University named after I.Zhansugurov, Department of Accounting and Auditing, Taldykorgan, Republic of Kazakhstan
  • Botha D. BAYTARAKOVA Zhetysu State University named after I.Zhansugurov, Department of Accounting and Auditing, Taldykorgan, Republic of Kazakhstan

Abstract

The paper examines the main trends in accounting records’ development of the Republic of Kazakhstan in the context of economic globalization. The article reflects the need of transition to international financial reporting standards, systematization of gathered experience in the context of world economy globalization and theoretical and methodological problems’ development of improving the accounting and auditing systems, identified goals and objectives of the study. The aim of the article is to develop ways to improve the accounting system in the Republic of Kazakhstan in the context of economic globalization and harmonization of accounting records in accordance with International Financial Reporting Standards (IFRS). The article studied the theoretical base of IFRS formation and substantiated the main directions of accounting records’ methodology and organization improvement. There are proposed ways to improve accounting and reporting that meet the modern requirements of IFRS. By means of the proposed procedures’ implementation, there can be carried out a comprehensive and systematic assessment of organization’s efficiency as a whole and the individual departments, identified current priorities of development and predicted their future development in order to develop optimal management decisions.

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Published
2017-03-02
How to Cite
BAYDYBEKOVA, Saltanat K. et al. Main Movements in Accounting Records’ Development of the Republic of Kazakhstan in the Context of Economic Globalization. Journal of Advanced Research in Law and Economics, [S.l.], v. 7, n. 7, p. 1626-1637, mar. 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/746>. Date accessed: 20 apr. 2024.