Globally, accounting is seen as a system for measuring, tracking and summarizing business activities, interpreting financial information and communicating the results to management and other stakeholders to help them make effective business decisions. Therefore, today it is important to improve the development of accounting policies in economic entities, including supply organizations operating in the agricultural sector, based on the conceptual rules established by the Law of the Republic of Uzbekistan “On Accounting” and other regulations. It is known that the development of accounting policies is based on the general rules set out in the National Accounting Standard (NAS) of the Republic of Uzbekistan No. 1 “Accounting Policy and Financial Reporting”.. In particular, the IFRS states that “Accounting policies represent the specific principles, conventions, procedures and practical approaches used by an entity to prepare and prepare financial statements”. At the same time, the accounting policy of the business entity is formed by the head of the entity on the basis of IFRS 1, and the financial indicators presented in the financial statements of financial and economic activities for different years are compared and used in conjunction with other related IFRSs.
This article examines the importance and organizational and methodological aspects of financial budgeting on farms. The main, organizational and methodological aspects and main directions of budgeting in farms are shown. Stages of formation of the financial budgeting system, model budgeting model for farms operating in various sectors and stages of financial budgets have been developed, relevant conclusions have been formed, proposals and recommendations have been developed.
The “Farkhod Hydroelectric Power Station” which was built in Syrdarya region has irrigated 700,000 hectares of fertile land in Dalvarzin and Mirzachul districts of Uzbekistan, Tajikistan and Kazakhstan. “Andijan water reservoir” was built in the Karadarya River of Fergana Valley, and a hydroelectric power plant with a capacity of 140,000,000 kilowatt-hours was commissioned. Due to the commissioning of “Tuyamuyin” waterworks in the lower reaches of the Amudarya River, it was possible to irrigate 300,000 hectares of land in the Republic of Turkmenistan and Uzbekistan, as well as 200,000 hectares of new land for rice and cotton growing. In addition, this water facility has protected the land from erosion and provided with 150,000 kilowatts of electricity.
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