What do you know about banking system of Uzbekistan?

(external auditor is auditors who are not employees of the company)


Who is the auditor?
Auditors are usually independent certified accountants who review financial records of the company. These reviews are called audits. They are usually performed at fixed intervals – quarterly, semiannually or annually.


Financial statements.
There are two main types of financial statements: a balance and a profit and loss account. A balance is a financial document which shows a company’s assets, liabilities and equity on the certain date. A profit and loss account illustrates financial results of the company.
What is an economics?
Economics studies how individual, corporation, governments and societies allocate their scarce or limited resources to satisfy their unlimited wants and needs. Land, labour, capital, technology are the main resources of economy. There are 3 main sectors of economy: primary secondary and tertiary. Economic system is divided into 2 disciplines: microeconomy and macroeconomy. Microeconomy is deals with individual part of the economy. Macroeconomy study economy as whole. The key macroeconomic indicators are: GDP, GDP per capita, GNP, Inflation, Unemployment and others.


What is International trade?
International trade is a trade between countries. It consists of import and export. Export is selling goods and services to abroad; import is buying goods and services from abroad. In order to protect his domestic producer government impose restrictions such as tariff, quota, embargo. A tariff is a tax imposed by the government on goods and services imported from other countries. Quota is a limit on quantity. Embargo is a ban to import and export. Protectionism is the economic policy of restricting imports from other countries through these methods. World trade organization (WTO) encourages free trade and reduces protectionism.