IMPROVING THE PROCEDURE FOR PREPARING AND PRESENTING FINANCIAL REPORTS IN THE PUBLIC SECTOR OF UZBEKISTAN.

Abdujalilova Dilnoz Abdusattorovna
Associate Professor of the «Budget Accounting and Treasury» Department of TSUE
E-mail: [email protected]
ORCID: 0009-0003-5169-4233
JELClassification: L88 P23
Аbstract: Particular attention is paid to the study of the issues of harmonizing financial management in the public sector of Uzbekistan with international financial reporting standards (IFRS and IPSAS) and thereby increasing the efficiency, transparency and accountability of public financial management. In recent years, there has been a need to consider the scientific basis for the implementation of international financial reporting standards for the public sector of Uzbekistan, ways to ensure the openness and efficiency of public financial processes through them. For public sector organizations, it is important to automate the process of preparing financial statements and increase the speed and accuracy of data collection and analysis through the use of modern technologies. By improving the financial management system, ensuring the compliance of financial statements with international standards and developing international cooperation, it is possible to increase efficiency in public sector organizations, rational use of resources and ensure economic stability. The study analyzed the technical and organizational difficulties encountered in the implementation of international financial reporting standards, measures to overcome them, as well as the possibilities of applying the best practices of foreign countries in the conditions of Uzbekistan.
Keywords: automated systems, public sector, financial reporting, efficiency, IPSAS.