Mamatov Khabibulla Mamatovich– Senior Lecturer
Department Audit of Tashkent State University of Economics
e-mail: xabibulla_1962@gmail.com
ORCID:0009-0005-8510-366X
Abstract.In the context of further innovative development of the economy, the number of economic entities conducting foreign trade operations and companies attracting foreign investments is increasing. At the same time, despite the adoption of measures to introduce modern methods of corporate governance, systemic problems remain that prevent the organization of accounting based on international standards of financial reporting and the creation of an operational accounting system, as well as the provision of the necessary information environment for foreign investors. In an increasingly competitive environment, commercial organizations require modern, high-tech equipment to conduct their business. Often, commercial organizations lack sufficient financial resources to acquire the necessary assets. Operating leases offer a possible solution to this problem. Operating leases allow commercial organizations to obtain the right to use assets while spending significantly less financial resources than purchasing the equipment outright. This is due to the fact that, as a result of measures taken to ensure accuracy and transparency in the organization of operating activity accounting, the financial statements of large enterprises have been prepared based on international financial reporting standards (International Financial Reporting Standards (IFRS)), achieving harmonization of the national financial accounting system with international requirements, and gradually implementing systemic tasks to increase human resources potential were considered urgent tasks. This article describes the organization of operating activity accounts based on international standards of financial reporting and its important aspects, first of all the priority tasks of the organization and conclusions and suggestions on their solution.
Keywords: Operating activities, investment activities, financial activities, operating income, operating expenses, financial reporting, international financial reporting standards (IFRS), “IT accountant-auditor”.