THEORETICAL DESIGN APPROACH OF CYCLES IN REVERSIBLE AND NON-REVERSIBLE ZONES

The article notes that international financial reporting standards (IFRS) is a holistic creative worldview system that requires specialists applying it, special mentality, courage to formulate sound professional judgments, have sufficient confidence that the decisions made will lead to the formation of high-quality financial statements.The main objective of IFRS is the adoption by its users of effective management decisions.The authors emphasized that in the face of high investment risks, the recognition of international financial reporting standards in the Republic of Tajikistan would be an important step both for attracting foreign investment, which is so necessary for the development of many areas of activity, and for improving the financial reporting system in the Republic of Tajikistan.