Abdujalilova Dilnoz Abdusattorovna
Independent Researcher of the «Budget
Accounting and Treasury»
Department of TSUE, Uzbekistan
E-mail: dilnoz.abdujalilova.84@mail.ru
ORCID: 0009-0003-5169-4233
Abstract: This scientific article provides a comprehensive analysis of the theoretical and practical aspects of assessing revenues generated from the provision of educational services in higher education institutions, as well as their recognition in accounting. The study primarily examines the key criteria for revenue recognition, including the determination of the stage of service completion, the probability of inflow of economic benefits, and the reliable measurement of revenue. The article also explores the specific features of accounting for revenues derived from tuition fees under contract-based arrangements, which are widely applied in higher education institutions, as well as the mechanisms of their progressive recognition and allocation across reporting periods. In addition, the differences between national public sector accounting standards and international standards, particularly IPSAS, are identified and the necessity of their harmonization is substantiated. The findings indicate that accurate measurement and timely recognition of revenues play a crucial role in enhancing the reliability and transparency of financial reporting in higher education institutions, as well as in improving the effectiveness of managerial decision-making. Furthermore, existing practical challenges are identified and recommendations for their resolution are proposed.
Keywords: revenue measurement, revenue recognition, financial reporting, financial results, tuition fee revenues, international standards, IPSAS, educational services.