What is NAS (BHMS)?

National standards that set the rules of accounting in Uzbekistan. Each standard is numbered and governs one topic. For business entities, NAS No. 1–12, 16, 17 and 19–24 are in force (there are no standards No. 14, 15 or 18). Standard No. 13 is a budget accounting standard (BHS) for budget organizations. Many standards were adopted in new versions in 2024.

• NAS No. 1 “Presentation of Financial Statements and Accounting Policies”
• NAS No. 2 “Revenue from Main Business Activities”
• NAS No. 3 “Statement of Financial Results”
• NAS No. 4 “Inventories”
• NAS No. 5 “Fixed Assets”
• NAS No. 6 “Lease Accounting”
• NAS No. 7 “Intangible Assets”
• NAS No. 8 “Consolidated Financial Statements and Accounting for Investments in Subsidiaries”
• NAS No. 9 “Statement of Cash Flows”
• NAS No. 10 “Accounting for Government Assistance and Disclosure of Information about It”
• NAS No. 11 “Research and Development Expenditures”
• NAS No. 12 “Accounting for Financial Investments”
• Budget Accounting Standard No. 13 “Consolidated Financial Statements” (budget accounting standard)
• NAS No. 16 “Events Occurring in Business Activities after the Balance Sheet Date and Unforeseen Circumstances”
• NAS No. 17 “Capital Construction Contracts”
• NAS No. 19 “Organization and Conduct of Inventory Counts”
• NAS No. 20 “Simplified Procedure for Accounting by Small Business Entities”
• NAS No. 21 “Chart of Accounts for Accounting of Business Entities and Instructions for Its Application”
• NAS No. 22 “Accounting for Assets and Liabilities Denominated in Foreign Currency”
• NAS No. 23 “Preparation of Financial Statements upon Reorganization”
• NAS No. 24 “Accounting for Borrowing Costs”