Implementing IAS 2 in Pharmaceutical Enterprises: Challenges and Benefits

Authors

  • Sattorov T. T. Trainee Assistant of the Department of Accounting, Samarkand Institute of Economics and Service

Keywords:

IAS 2, inventory management, pharmaceutical enterprises, Uzbekistan, challenges, benefits, recommendations

Abstract

This article evaluates the challenges and benefits of implementing IAS 2 in pharmaceutical enterprises in Uzbekistan and provides recommendations based on existing literature. Through a mixed-methods research design, data was collected from a sample of pharmaceutical enterprises in Uzbekistan and analyzed using both quantitative and qualitative methods. The results revealed several challenges faced by these enterprises in implementing IAS 2, including a lack of knowledge and expertise, inadequate information systems, and cultural resistance to change. However, the implementation of IAS 2 was found to provide significant benefits, such as improved inventory accuracy and better decision-making. Based on the findings, the article recommends several strategies for successfully implementing IAS 2 in pharmaceutical enterprises in Uzbekistan. These include providing training and education to employees, improving information systems, and promoting a culture of transparency and accountability. This study provides valuable insights for policymakers and practitioners in Uzbekistan on the importance of inventory management and the benefits of implementing IAS 2 in pharmaceutical enterprises.

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Published

2023-04-11

How to Cite

T., S. T. . (2023). Implementing IAS 2 in Pharmaceutical Enterprises: Challenges and Benefits. Journal of Marketing and Emerging Economics, 3(4), 8–17. Retrieved from https://oajournals.net/index.php/jmee/article/view/2027

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Articles

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