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International Journal Of Management And Economics Fundamental

Peer Reviewed | Open Access | E-ISSN: 2771-2257
Published Article

Methodological Foundations of Organizing Accounting in Business Entities

Methodological Foundations of Organizing Accounting in Business Entities

Authors

  • Xashimov Baxadir
    Tashkent State University of Economics, Department of Accounting, PhD associate professor, Uzbekistan
  • Mahkamboyev Abdulhaq
    Tashkent State University of Economics, Department of Accounting, PhD associate professor, Uzbekistan
  • Tashbaev Bobir
    Tashkent State University of Economics, Department of Financial Analysis, PhD associate Professor, Uzbekistan

DOI:

https://doi.org/10.37547/ijmef/Volume05Issue05-07

Keywords:

Accounting business entities financial management

Abstract

This paper examines the significance and methodological foundations of organizing accounting in business entities. Properly organized accounting provides the necessary data for the accurate and effective management of a business’s financial condition. The paper analyzes the fundamental principles of accounting, relevant legislation and regulatory documents, as well as the problems encountered in establishing an accounting system and ways to address them. Efficient organization of accounting plays a vital role not only in fulfilling tax obligations but also in improving a company’s financial status, aiding decision-making, and preparing financial reports.

References

Accounting in Business (F1). Translated from English / Edited and introduced by A.A. Karimov, F.B. Kilicheva, N. Imamova. – Tashkent: “Iqtisod-moliya”, 2022. 238 pages. (ACCA series)

Isroilov B.I., Khajimuratov N.Sh., Ibragimov B.B. Accounting in Business. Textbook. – Tashkent: “Iqtisodiyot”, 2023. – 288 pages.