Ministry of Higher and Secondary Special Education of the Republic of Uzbekistan Tashkent State University of Economics

1. THE IMPORTANCE OF THE CORRECTNESS OF THE ORGANIZATION OF ACCOUNTING OF FUNDS


1.1. The main legislative and regulatory documents on the accounting of funds
Accounting is carried out in accordance with regulatory documents that have different status. Some of them are mandatory (the Law "On Accounting", accounting regulations), others are advisory in nature (chart of accounts, guidelines, comments). Depending on the purpose and status, it is advisable to present regulatory documents regulating the flow of funds in the form of the following system:
Level 1: legislative acts, presidential decrees and government resolutions regulating directly or indirectly the organization and accounting in the organization. These include:
• The Civil Code of the Republic of Uzbekistan;
• The Tax Code of the Republic of Uzbekistan;
• The State Law "On Accounting" on April 13, 2016 No. ZRU-404.
This Law defines the legal basis of accounting, its content, principles, organization, main areas of accounting and reporting, the composition of business entities required to maintain accounting records and provide financial statements, requirements for the preparation of primary documentation and accounting registers¹;
Registered by the Ministry of Justice of the Republic of Uzbekistan on 15.02.1995 N 124 regulation "On the procedure for the mandatory use of cash registers in the implementation of monetary settlements with the population.
Resolution of the President of the Republic of Uzbekistan "On additional measures to improve the use of cash registers in the field of retail trade and the provision of services»².
Level 2: accounting and reporting standards (regulations). An accounting standard can be defined as a set of basic rules that establishes the procedure for accounting and evaluation of a certain object or their totality. The provisions are intended to specify the law on accounting and reporting. The only regulatory body of the regulatory documents system is the Ministry of Finance of the Republic of Uzbekistan.. These include:
Regulations on accounting and reporting in the Republic of Uzbekistan (Appendix No. 1 to the Resolution of the CM of the Republic of Uzbekistan dated 26.03.1994, No. 164). Regulates general issues of organization and accounting, preparation of primary documents, organization of document flow;
Order of the Minister of Finance of the Republic of Uzbekistan "On approval of the National Accounting Standard of the Republic of Uzbekistan (nsb No. 22) "Accounting of assets and Liabilities denominated in foreign currency"" [Registered by the Ministry of Justice of the Republic of Uzbekistan on May 21, 2004 Registration No. 1364];
Order of the Minister of Finance of the Republic of Uzbekistan on approval of "Financial reporting forms and rules for filling them out" [Registered by the Ministry of Justice of the Republic of Uzbekistan dated January 24, 2003 Registration No. 1209]³;
3rd level: methodological recommendations (instructions), instructions, comments, letters from the Ministry of Finance of the Republic of Uzbekistan and other departments. Methodological recommendations and instructions are designed to specify accounting standards in accordance with industry and other features. They are being developed by the Ministry of Finance of the Republic of Uzbekistan. and various departments.
"The chart of accounts of accounting of financial and economic activities of economic entities and instructions for its application" Order of the Minister of Finance of the Republic of Uzbekistan "On approval of the National Accounting Standard of the Republic of Uzbekistan (nsb No. 21)" [registered by the Ministry of Justice of the Republic of Uzbekistan dated October 23, 2002. registration number 1181]⁴;
4-th level: working documents on accounting of the enterprise itself. The working documents of the enterprise itself determine the specifics of the organization and accounting in it. The main ones are:
. document on the accounting policy of the company;
. forms of primary accounting documents approved by the head;
. document flow schedules;
. approved by the head of the Accounting Chart of accounts;
. internal reporting forms approved by the head.