The article explores the nature of Islamic accounting and highlights its significance in the contemporary financial sector. It examines this concept by first addressing the fundamental question of what constitutes traditional accounting. A comparative analysis is conducted between the functions of conventional and Islamic accounting systems. Particular emphasis is placed on key financial statements, namely the balance sheet and the income statement. The study also clarifies the principles for reporting the assets of unrestricted account holders and the revenues associated with them. Additionally, several definitions of Islamic accounting are reviewed and discussed. The article concludes by underscoring the key functional differences between Islamic and conventional accounting.
Monograph assessment of the impact of tax analysis on the transformation of the tax system, methodological approaches to the assessment of the impact of tax analysis on the effectiveness of fiscal policy, scientific approaches to researching the impact of taxes on the standard of living of the population in sustainable economic growth, analysis of the impact of tax audits on the activities of taxpayers, analysis of the impact of tax analysis on reducing the tax burden, financial reporting includes issues such as taxation, the role of independent audit and internal control, ways of taxation of the digital economy and electronic commerce in Uzbekistan, improvement of taxation through digitization, and prospects for taxation of digital financial assets.
