Vol. 2 No. 2 (2024): Economic development and analysis

Vol. 2 No. 2 (2024): Economic development and analysis
Published: 02/29/2024

Full Issue

Articles

FINANCING OF ENTERPRISES IN THE FIELD OF TOURISM
Sarvar Abdurahimov

The article discusses the current situation and main trends in the field of financing tourism organizations in Uzbekistan. Both state and private sources of financing were analyzed, special attention was paid to the issues of preferential lending, tax incentives, and subsidizing projects aimed at the development of tourism infrastructure. The article identifies the main problems facing the tourism sector and suggests ways to overcome them based on the analysis of successful practices and strategies.

12-17 100 95
COMPARATIVE ANALYSIS OF INDICES OF ISLAMIC FUNDS WITH INDICES OF TRADITIONAL FUNDS BY EXTERNAL SHOCK FACTORS
Sirojiddin Abrorov

The article reflects the results of a study of the Islamic capital market, which has become increasingly popular in recent years. It examines the degree of robustness of the instruments of the Islamic capital market to external shock factors in comparison with traditional ones. The author drew important conclusions as a result of an analysis conducted using the Hills estimation and OLS log-log regression methods.

18-34 73 75
REGULATORY AND LEGAL BASIS FOR PLANNING AND CONDUCTING AN AUDIT
Shahrukh Akromov

This article reveals the reasons for the appearance of audit in different countries of the world. The development stages of the audit and the development of regulatory documents related to this process are explained. The specific features of planning an audit are considered.

35-40 337 100
SMOOTHING OF SEASONAL FLUCTUATIONS IN THE INDICATORS OF TOURIST ACTIVITY IN THE FIELD OF TOURISM
Abdurakxmon Asrakulov

The article systematizes the factors influencing the intensity of fluctuations, while studying the methodology of smoothing seasonal fluctuations in demand for tourist services in theory. At the same time, the directions for controlling (leveling) the intensity of seasonal fluctuations have been determined.

41-49 75 53
ASSESSMENT OF VALUE AND PROFITABILITY OF STOCK IN STATE-OWNED COMPANIES
Khasan Akhmedov

In this article, the approaches of various researchers on the activities, characteristics, issuance of securities, etc. of state-owned companies in the study of issues of assessing the value and profitability of the stocks of state-owned companies are studied. Methods and directions for assessing the value and profitability of stocks of state-owned companies are analyzed. Relevant conclusions are developed based on the study of issues of assessing the value and profitability of stocks of state-owned companies.

50-55 86 61
ANALYSIS OF THE PRACTICE OF IDENTIFYING AND ASSESSING TAX EVASION IN UZBEKISTAN
Feruz Akhmedov

This article describes the improvement of the administration based on bringing services to business entities to a new level, further increasing the tax administration literacy of the population, supporting entrepreneurship, creating an equal competitive environment and guaranteeing the rights of consumers, and encouraging the active participation of the general public in curbing the underground economy. In recent years, countries around the world have been paying special attention to the implementation of various mechanisms to prevent and reduce tax evasion by taxpayers when developing their short-term and long-term budget-tax policy strategies. At the same time, conducting scientific research aimed at reducing illegal financial flows, analyzing the factors that cause tax evasion by taxpayers, reducing the hidden economy, and focusing on the scientific and theoretical aspects of tax evasion processes remains one of the priorities. At the same time, the fields were studied, foreign experience, scientific-practical conclusions and proposals were formed on its application in our country.

56-65 62 56
ANALYSIS OF FINANCIAL PERFORMANCE ACCOUNTING AND OPPORTUNITIES TO INCREASE PROFITS IN ENTERPRISES OF THE WINE INDUSTRY
Lazizbek Botirov

This article talks about the calculation of financial results in wine industry enterprises, the regulation of financial results and increasing profit in it, the essence, theoretical foundations of the accounting of financial results in wine industry enterprises, and the possibilities of increasing profit in wine industry enterprises.

66-71 68 66
STATISTICAL ANALYSIS OF THE DEVELOPMENT MECHANISM OF AGRICULTURAL HOLDINGS IN THE REGION
Yashnarbek Ergashov

The reforms and the mechanism of development in the field of agriculture in Kashkadarya region are widely studied and their theoretical aspects are explained. Agricultural economy in 2011-2023 was analyzed on the basis of statistics agency and suggestions were made. The main aspects of the need for econometric modeling of the production process of agricultural products are covered by the table. The strategy of econometric modeling of the development and management of the production of agricultural products is explained theoretically. Their analysis on the concept of agricultural development is summarized and the main concepts are presented. Environmental programs need to look for new strategies and solutions to solve these problems. According to the scientists of agriculture and environmental protection, the results of these efforts have been given.

72-82 56 55
ANALYSIS OF LABOR EFFICIENCY USING GEOGRAPHIC INFORMATION TECHNOLOGIES IN ECONOMY (EXAMPLE OF NAMANGAN REGION)
Zulkhumor Fazliddinova

In this article, the theoretical and practical aspects of the use of digital technologies in the analysis of socio-economic development of regions are studied. The trends of social development indicators and dynamics of Namangan region were analyzed using GIS technologies.

83-91 53 59
PROSPECTS FOR IMPLEMENTING THE EDUCATION CREDIT SYSTEM IN UNIVERSITIES OF THE REPUBLIC OF UZBEKISTAN
Dilshoda Gafurova

This article presents the problems and prospects for introducing a credit education system in higher educational institutions of the Republic of Uzbekistan. The article examines the research of scientists on the implementation of the credit education system, and also analyzes the results of a survey conducted among teachers of higher educational institutions. Proposals and recommendations have been developed for the introduction of a credit education system in higher educational institutions of the Republic of Uzbekistan.

92-98 63 58
ASSESSMENT OF THE TOURIST POTENTIAL OF THE REGION: THEORY AND PRACTICE
Gulnora Gulyamova

The article emphasizes the need to assess the tourism potential of regions when forming a tourism development strategy and its implementation, and also analyzes the definitions of the concepts of potential, tourism potential and economic potential. When assessing the tourism potential of the regions, the need for a two-sided approach to it is shown - resource and process. In cases where quantitative assessment is difficult, the author proposes an assessment method based on a resource approach using expert assessments.

99-104 140 76
IMPROVING THE METHODOLOGY FOR ASSESSING THE CONSUMER VALUE OF RESTAURANT SERVICES
Kamoliddin Ibodov

The article offers an expert assessment of the usefulness of the material, functional and emotional factors that determine the consumer value of restaurant services. The value level is estimated based on the difference between the expected and current value. The changes in consumer value factors depending on the type of restaurant are shown.

105-112 76 44
COMPARATIVE ANALYSIS OF IJARA (ISLAMIC LEASING) AND TRADITIONAL LEASING
Gulbakhor Irgasheva, Rukhiddin Zayniddinov

This article provides information on the theoretical foundations, organizational and management system, and principles of practical application of the Islamic financial instrument Ijara (Islamic leasing), as well as the differences between Islamic and traditional leasing. In addition, Islamic finance in Uzbekistan, in particular, the practice of the ijara (Islamic leasing) contract and the possibilities of Islamic finance to attract domestic and foreign investments are presented.

113-122 124 62
REVIEW OF LITERATURE ON SUKUK, AN ALTERNATIVE FINANCING INSTRUMENT
Uktam Jiyanov, Maftuna Norboyeva

Sukuk, an integral part of the Islamic financial system, is showing its competitiveness in the traditional securities market line as the source of financing is based on assets. This article examines the scientific research of researchers devoted to a number of issues, such as the history of Islamic securities (sukuk), development trends, directions for its release on a state scale. The analysis was summed up and several additional suggestions were made at the end of the article.

123-131 219 63
A LITERATURE REVIEW ON PROMISING AREAS OF FORMATION OF ISLAMIC WINDOWS IN COMMERCIAL BANKS
O‘ktam Jiyanov, Shukrullo Sirojiddinov

An Islamic window is a separate branch, department or subsidiary of a bank operating under the principles of Islamic finance under traditional banks. The Islamic branch mainly operates in conditions where there is no legal basis for the activity of an Islamic bank, subject to any commercial bank within the framework of certain laws. We have analyzed about 25 articles on Islamic windows in this study. In the analysis, we mainly conducted a scientific research on the statistical analysis between the Islamic bank, the Islamic window and the traditional bank, their achievements, shortcomings and the quality of service and gave the necessary suggestions.

132-142 125 59
DIGITAL CURRENCIES AND DIGITAL BANKING RISKS AND THEIR MANAGEMENT
Zokir Mamadiyarov

The article describes a number of risk types that may arise as a result of the digitalization of traditional banking activities as a result of the transformation of banking activities and the level of risk may increase, the most common types of cyber threats aimed at bank customers and banks themselves and their specific aspects, New risk management systems in banks, steps of strategic bank risk management, and author's approaches to effective risk management in the digital environment are presented. Overall, this paper provides insights into the multi-faceted nature of risk posed by commercial banks in the face of transformation and digitization, and what can be done by banks to effectively manage and mitigate this pervasive risk factor and ensure sustainable growth for banks. provides information on the various methods used.

143-154 190 111
REGIONAL ASPECTS OF TOURISM SERVICES DEVELOPMENT BASED ON MARKETING
Sanobar Matkulieva, Javakhir Begimkulov

Today, there is an increasing need for scientific research that will lay the foundation for improving the mechanisms of using tourist and recreational facilities in order to further develop the tourism sector in the world, increase its share in macroeconomic indicators, and provide the population with new jobs in the regions of the country. In this regard, this article analyzes the role of the marketing approach in the development of the tourism services market in the regions of the country.

155-164 80 49
INTERNAL AUDIT PROCESSES IN LIGHT INDUSTRIAL ENTERPRISES AND PROSPECTS FOR IMPROVING THEIR EFFECTIVENESS
Azamat Makhmudov

The article reveals the importance of information and software for the organization of audit activities, in particular, proposals are made taking into account the best foreign experience on the use of analytical procedures for the purposes of internal audit, as well as on the organization of economic analysis at the country's textile and sewing and knitting enterprises.

165-173 88 63
THE ROLE OF PUBLIC-PRIVATE PARTNERSHIP IN THE INNOVATION SECTOR AND THE MECHANISM OF ITS IMPLEMENTATION
Sherali Makhmudov, Iftikhar Sherkhanov

The article discusses the issues of public-private partnership in the innovation sector (PPP) and the main directions of its development in conditions of limited resources. The problems hindering the development of innovations of the national economy in the field of PPP are shown, and a mechanism for improving the development of innovations in the economy of Uzbekistan based on the use of public-private partnership is proposed.

174-181 153 61
ACCOUNTING FOR SALE AND LEASEBACK UNDER IFRS
Abubak Mukhametov, Bakhodir Matrasulov, Umurzak Chorshanbiev, Akmal Abduvoxidov

This article discusses the procedure for accounting for the sale of fixed assets and leasing them back according to International Financial Reporting Standards (IFRS). The problem with this topic is that the issue of sale and leaseback is not currently applied in the practice of Uzbekistan and is new to us. The authors examined this issue in detail in the article with examples and accounting records. The tables presented were compiled by the authors of the article. The forms of the statement of financial position and the statement of profit or loss and other comprehensive income in a shortened form are taken from international practice in preparing financial statements. To resolve the issue, the double entry method in accounting was used. The merit of the authors is that the issue under consideration with examples, tables and report forms was made available to Uzbek accounting practitioners and other interested parties.

182-191 99 55
ECONOMIC SIGNIFICANCE AND EFFICIENCY OF LEGUMES IN AGRICULTURE OF OUR COUNTRY
Suxrob Umarov, Alisher Kudratov

In this article, the importance of leguminous grain crops in the agriculture of our country and the effective cultivation and use of the products obtained from them, raising the economic volume to a high level in the region, analyzing the economic situation of places where land and water resources are scarce in agriculture, and in this case in the regions existing problems and shortcomings of increasing the productivity of leguminous plants, directions and levers of the economic policy of our country implemented in this regard are analyzed.

192-197 169 69
BOOTSTRAP CONFIDENCE INTERVALS IN LINEAR MODELS: CASE OF OUTLIERS
Zarrukh Rakhimov, Nilufar Rahimova

Confidence interval estimations in linear models have been of large interest in social science. However, traditional approach of building confidence intervals has a set of assumption including dataset having no extreme outliers. In this study, we discuss presence of severe outliers in linear models and suggest bootstrap approach as an alternative way to construct confidence intervals. We conclude that bootstrap confidence intervals can outperform traditional confidence intervals in presence of outliers when sample size is small or population distribution is not normal. Lastly, we encourage researchers to run a computer simulation to evaluate conclusions of this study.

198-205 72 82
MODERN STRATEGIC MANAGEMENT IDEAS IN THE DEVELOPMENT OF TEXTILE ENTERPRISES
Kamola Saidova

This article highlights the positive aspects of strategic management of textile enterprises, one of the most effective methods of increasing competitiveness in the industry, and analyzes the technology, brand, developed system and level of professionalism of textile enterprises in organizing service and management.

206-211 64 51
FОREIGN EXPERIENCE ОF TАX REGULАTIОN ОN THE BАSES ОF INNОVАTIОN АCTIVITY
Feruz Sаidmurоdоv

This аrticle highlights the essence оf the digitаl ecоnоmy, the impоrtаnce оf innоvаtiоn. Speciаl аttentiоn wаs pаid tо the prоblems аnd sоlutiоns оf intellectuаl prоperty, pаtent registrаtiоn in the trаnsfоrmаtiоn оf innоvаtive develоpment intо digitаl.

212-222 57 53
THE APPLICATION OF BALANCED SCORECARD SYSTEM AS A COMPREHENSIVE PERFORMANCE MEASUREMENT FRAMEWORK FOR JOINT STOCK COMPANIES
Ibrokhimjon Tursunaliev

This thesis aims to explore the application of the Balanced Scorecard (BSC) system as a comprehensive performance measurement framework for joint stock companies. The Balanced Scorecard is a strategic management tool that provides a holistic view of organizational performance by incorporating financial and non-financial measures. This research investigates the benefits, challenges, and practical implementation of the BSC system in the context of joint stock companies.

223-229 154 104
THEОRETICАL АSPECTS ОF THE MАNАGEMENT ОF NАTURАL MОNОPОLISTIC ENTERPRISES
Irоdаxon Umаrоvа

This scientific аrticle cоvers the theоreticаl feаtures оf the mаnаgement оf nаturаl mоnоpоly enterprises. In pаrticulаr, the theоry оf pоsitive regulаtiоn, nоrmаtive аpprоаch, sоciаl interests аnd аpprоpriаtiоn is bаsed оn theоreticаl studies оf pоssible situаtiоns in the mаrket, including increаsed prоduct prices, cаrtel fluctuаtiоns, mаrket demаnd viоlаtiоns, the elаtiоn оf а single prоduct in the mаrket, the cаuses оf mаrket defects, prоblems with mаrket pаrticipаnts аnd types оf аctivities, methоds оf stаte regulаtiоn оf nаturаl mоnоpоly enterprises.

230-237 48 57
CHARACTERISTICS OF THE BOTTOM-UP PRINCIPLE OF EFFICIENT USE OF INVESTMENTS
Farzuna Urokboyeva

This article focuses on the bottom-up principle of investment, which helps investors make effective decisions and reveals the differences and similarities of this principle with the top-down principle of investment. It follows that the use of the bottom-up method in the effective use of investments is one of the main factors that serve to further increase the potential of investors for enterprises and ensure the investment attractiveness of the enterprise. These aspects are discussed in the article.

238-243 69 57
ANALYSIS AND PREDICTION OF THE USE OF DIGITAL MARKETING TACTICS IN THE BANKING SECTOR USING ECONOMETRIC MODELS
Bobur Xonturayev

The study paper provides a detailed examination of how digital marketing methods affect the economic efficiency of commercial banks, specifically within the changing environment of the banking sector. The study examines the relationship between higher digital marketing spending, increased investment in staff development, and their impact on the net income of banks using 18 years of financial data from ATIB "Mortgage Bank" in Uzbekistan. The study uses advanced statistical analysis to create Vector Autoregressive (VAR) and Autoregressive Distributed Lag (ARDL) models to predict and assess the impact of marketing initiatives in the banking industry. The results highlight a strong correlation between increased digital marketing initiatives, greater staff commitment, and higher financial success of commercial banks. The VAR and ARDL econometric equations, generated from time series data, offer a strong foundation for comprehending the dynamic relationship between marketing tactics and economic results in the banking sector. This research adds to the overall discussion on the effectiveness of digital marketing, providing significant data for financial institutions looking to improve their economic efficiency by strategically investing in marketing and human resources.

244-253 61 48
IMPRОVING THЕ MЕCHАNISM ОF CОMPЕTITIОN IN THЕ DЕVЕLОPMЕNT ОF THЕ АCTIVITIЕS ОF ЕNTЕRPRISЕS ОF THЕ FООD INDUSTRY
Nоdirbеk Khаmrаеv

This sciеntific аrticlе fоcusеs оn thе prоblеms оf imprоving thе lеgаl systеm fоr thе fоrmаtiоn оf а cоmpеtitivе еnvirоnmеnt in thе mаrkеt in thе dеvеlоpmеnt оf thе аctivitiеs оf fооd еntеrprisеs, thе fоrmаtiоn оf а trаnspаrеnt cоmpеtitivе еnvirоnmеnt in thе fiеld аnd thе intrоductiоn оf fоrеign invеstmеnts. In аdditiоn, prоpоsаls аnd rеcоmmеndаtiоns wеrе mаdе tо stimulаtе thе еntry оf fоrеign invеstmеnts in thе аctivitiеs оf fооd industry еntеrprisеs, mоdеrnizе thе аctivitiеs оf thе fооd industry еntеrprisе in аccоrdаncе with thе rеquirеmеnts оf thе timе, updаtе thеm tеchnicаlly аnd tеchnоlоgicаlly, dеvеlоp еcоnоmic mеchаnisms fоr thе dеvеlоpmеnt оf thеir аctivitiеs.

254-265 65 42
TAXATION OF PROFIT OF COMMERCIAL BANKS
Zafarjon Abdullaev

This article discusses the corporate income tax of banks. Empirical studies have revealed the significance of the impact of corporate income tax on the structure of capital and liabilities of banks, leverage and loan portfolios. As a result of the analysis, conclusions were drawn on the taxation of bank profits.

266-272 61 57
IMPROVING PROCESSES FOR ASSESSING THE INTERNAL CONTROL SYSTEM IN INSURANCE ORGANIZATIONS
Maftunakhan Abduraimova

The article describes the processes for assessing the internal control system, the stages of checking the internal control system, the model for identifying and assessing internal control, as well as the criteria for managing the internal control system in insurance organizations. As a result of the study, proposals and recommendations were developed to improve the process of assessing the effectiveness of the internal control system in insurance organizations.

273-282 60 54
IMPROVING MOBILE TECHNOLOGIES IN ELECTRONIC BANKING OF THE REPUBLIC OF UZBEKISTAN
Matluba Abdurakhmanova

The article examines the main issues of improving mobile technologies in electronic banking of the Republic of Uzbekistan at the present stage. Existing problems associated with the development of mobile technologies in electronic banking have also been identified. Based on the conducted research, practical proposals and scientific recommendations for improving mobile technologies in electronic banking of the Republic of Uzbekistan have been developed.

283-290 60 54
PRACTICE OF PENSION AND MATERIAL ASSISTANCE FOR LOW-INCOME FAMILIES: PROBLEMS AND THEIR SOLUTIONS
Maruf Aliev

In the article, the problems in the system of appointment and payment of allowances and material assistance paid through the "Unified Register of Social Protection" IT in social protection of the population, the reforms implemented to eliminate them, proposals and recommendations for making changes to the criteria for the appointment of social allowances are presented.

291-298 81 47
IMPROVING THE METHODS OF FORECASTING TAX REVENUES OF THE STATE BUDGET OF THE REPUBLIC OF UZBEKISTAN
Kamolbek Allayarov

This article presents the formulas for calculating the tax potential of economic sectors and regions, as well as the development of existing innovative methods and methodological approaches in determining the main aspects of programs for the improvement of tax policy, the equalization of budget expenditure needs, and a wide range of economic-mathematical modeling and forecasting in order to increase the efficiency of public finance management. Proposals for the introduction of large-scale methods are presented.

299-305 90 46
DIRECTIONS FOR SOLVING THE PROBLEM OF POVERTY IN THE REPUBLIC OF UZBEKISTAN
Sitora Amirjanova

The poverty level is an important indicator of the socio-economic situation in any country. For Uzbekistan, as for many other countries, the problem of poverty remains relevant. This article analyzes the level of poverty in Uzbekistan, its dynamics, the main causes and proposals for reducing poverty in the country. Currently, the study of poverty reduction in conjunction with improving the quality of human capital is relevant at not only the global level, but also one of the most important tasks for the economy of Uzbekistan.

306-314 92 69
A STUDY OF DIGITALISATION OF HUMAN RESOURCE MANAGEMENT FUNCTIONS IN HIGHER EDUCATION INSTITUTIONS OF UZBEKISTAN
Shakhnoza Asadova, Abdumalik Djumanov

This study is aimed at exploring the issues of digitalization and digital transformation of functions in human resource management in higher educational institutions of Uzbekistan. The study is based on a survey of employees of human resources departments of universities in Tashkent. The study's findings discuss links between the adoption of specific HR practices and the use of digital platforms, thereby strengthening the academic significance of this work.

315-326 82 65
IMPROVING THE AUDIT OF TAX EXPENDITURES
Komila Akhmadova

The article covers issues of improving the tax audit of tax expenses. Theoretical issues of tax audit of tax expenses are studied and proposals for its improvement are given.

327-331 50 42
ANALYSIS OF THE FINANCIAL SITUATION OF RAILWAY TRANSPORT ENTERPRISES
Norbuta Babaxalov

This article analyzed the profitability indicator, which is of great importance in the activity of railway enterprises, its role in reflecting the economic and financial status of the enterprise, and its interrelationship with other indicators.

332-337 58 49
THEORETICAL ANALYSIS OF EXTERNAL FACTORS AFFECTING LENDING MECHANISMS OF COMMERCIAL BANKS
Ruslan Bozorov

The article provides an analysis of the literature on the theoretical foundations of lending mechanisms of commercial banks, as well as their interrelationship with the credit mechanism. Also, the theoretical foundations of external factors influencing the lending mechanisms of commercial banks in the economy are explained, and the aspects that should be paid attention to in practice related to them are highlighted, and appropriate conclusions are presented.

338-347 59 55
THEORETICAL SCIENTIFIC BASES OF SMALL BUSINESS AND PRIVATE ENTREPRENEURSHIP DEVELOPMENT
Ozoda Bozorova

The article analyzes such issues as the scientific and theoretical foundations of small business and private entrepreneurship, current problems, trends in the activities of small businesses in their networks, and opportunities to increase their efficiency. In addition, special attention should be paid to comprehensive business system support. Mention is made of benefits aimed at supporting entrepreneurial activity and creating new jobs, ensuring employment of the population by increasing the efficiency of using resources, mechanisms and capacities, and encouraging citizens officially employed in sectors of the economy.

348-354 230 106
RESEARCH OF A METHODOLOGICAL APPROACH FOR ANALYSIS OF STRATEGIC MANAGEMENT IN THE FIELD OF INFORMATION AND COMMUNICATION TECHNOLOGIES
Jamoliddin Jalalov

This article highlights the importance of effective strategic management for
adapting organizations to dynamically changing environments. The article is aimed at
systematizing existing methodological approaches, assessing their effectiveness, identifying risks
and opportunities, as well as identifying directions for the development and improvement of
management systems. Through theoretical analysis, the author aims to provide a comprehensive
understanding of the importance of methodological diversity for the effectiveness of management
processes

355-361 81 46
THE METHOD OF EVALUATING THE EFFICIENCY OF BUSINESS PROCESS MANAGEMENT IN TEXTILE ENTERPRISES DEVELOPMENT
Mo'tabarkhan Djumaniyazova

The article examines the issue of improving the method of assessing the
effectiveness of business process management in textile enterprises

362-366 64 42
WAYS TO USE EFFECTIVE TAX MECHANISMS IN MODERNIZING INDUSTRY
Sherzod Dusiyarov, Umurzak Chorshanbayev, Lobar Muratjanova

This article presents the world experience of increasing the efficiency of the tax
mechanism in the modernization of industry and in stimulating the investment activity of
enterprises. The influence of tax mechanisms, in particular tax privileges in the development of
industry and their orientation on the result, has been analyzed. Also, proposals are made to
strengthen the efficiency and effectiveness of tax incentives in ensuring the stability of the
country's economy

367-376 68 54
EVALUATING COMMERCIAL BANKS IN THE COST APPROACH
Hulkar Zunnunova

The article discusses the importance of assessing the cost approach in the
process of privatization of commercial banks and estimates the cost of banks based on the methods
of this approach. The article discusses the prospects for using the method used in international
practice in the cost approach in our country, and also uses methods of analysis and synthesis,
comparative and sampling research, and grouping in research

377-383 50 36
THEORETICAL BASIS OF CLASSIFICATION OF INSURANCE PRODUCTS
Umid Imomov

The article analyzes existing scientific approaches to the concepts of “insurance
product”, “insurance service” and “insurance protection”. The theoretical foundations of the
classification of insurance products have been studied. New approaches to the current
classification of insurance products, issues of mutual benefit of products for both parties are
analyzed.

384-391 51 46
FOREIGN EXPERIENCE IN FINANCIAL SUPPORT OF THE AGRICULTURAL SECTOR
Feruza Inomjonova

This article discusses issues of financial support for the agricultural sector. A
review of existing instruments of state financial support for agricultural producers in developed
countries was carried out. An analysis of direct and indirect methods of financial support for the
agricultural sector of the USA and Canada was carried out. As a result of the analysis, conclusions
were drawn about financial support for the agricultural sector

392-398 51 43
IMPROVEMENT OF THE ECONOMIC MECHANISMS OF IMPLEMENTING THE DEVELOPMENT MARKETING STRATEGY OF TEXTILE INDUSTRY ENTERPRISES
Ravshan Isaev, Hamidakhan Marufova

This article examines the issue of improving the economic mechanisms of the
implementation of the development marketing strategy of textile industry enterprises that are
adaptable to market changes

399-403 78 46
ISSUES OF IMPROVING THE MECHANISM FOR COLLECTING TAX DEBTS TO A NEW LEVEL
Kudratilla Islamov

This article discusses the occurrence of tax debts of legal entities and
individuals, the declaration of their total annual income, the problems that arise when collecting
the amount of debt on property and land taxes at the expense of their property, as well as a
proposal on how to eliminate it, the procedure for digitizing the tax debt collection mechanism is
shown.

404-418 107 91
ANALYSIS OF PRIORITY AREAS OF INVESTMENT POLICY OF INSURANCE COMPANIES
Shukhratjon Islamov

This article describes the importance of insurance companies in the
development of the national economy. Practical data on financial transactions carried out by
insurance companies is analyzed. Foreign experience in the development of investment activities
of insurance companies has been studied. Conclusions and proposals for improving the activities
of insurance companies are formulated

419-426 66 52
ANALYSIS OF THE ASSESSMENT OF THE RATING OF COMMERCIAL BANKS THROUGH THE MANDATORY ECONOMIC REGULATIONS OF THE CENTRAL BANK
Nadir Karabev

This article explores the issues of evaluating their regulation through various
normatives controlling commercial banks through central banks. At the same time, various
methods of assessing bank ratings through indicators of economic normatives of the management
of banks in different foreign countries or the bodies controlling them have been analyzed

427-445 65 43
SCIENTIFIC AND THEORETICAL INTERPRETATION OF THE CATEGORY OF FINANCIAL SUSTAINABILITY IN THE PARADIGM OF SCIENTIFIC VIEWS ON THE FINANCIAL SYSTEM: A REVIEW OF THE SCIENTIFIC VIEWS OF SUPPORTERS OF CLASSICAL AND NEOCLASSICAL FINANCE THEORY
Khairilla Kurbonov

This scientific article describes the conceptual basis of scientific views on the
financial system. The scientific views of the supporters of classical and neoclassical financial
theory on the financial system, its elements and financial stability in a polysemantic description
are studied. Scientific views on the prospects of ensuring the stability of the financial system under
the influence of endogenous and exogenous factors are systematized

446-462 72 50
EMPLOYMENT AND EDUCATION ISSUES IN UZBEKISTAN: DEMOGRAPHIC ASPECT
Hafiza Mamadalieva

The article considers current trends in the labor market and the market of
educational services in the Republic of Uzbekistan. The demographic aspect of the development of
education in the republic and the growth in demand for a highly skilled workforce. The article
outlines some ideas for overcoming the existing discrepancy between the market of educational
services and the requirements of the labor market in modern Uzbekistan. In addition, the author
considers the features of the functioning of labor markets and educational services and identifies
the problems of their interaction. When studying the labor market of Uzbekistan, the factors
influencing it were identified and the influence of these factors was theoretically substantiated.
Their manifestation in practice is shown from the point of view of demographic processes in the
labor market and the market of educational services. General conclusions are made and
theoretical and practical recommendations are developed

463-471 65 46
ANALYSIS OF THE DEVELOPMENT STATE OF THE UZBEKISTAN ECONOMY IN 2017-2023
Abrorali Mamajanov

This article analyzes the reforms being implemented in our country, their
impact on the economy, the gross domestic product (GDP) of the Republic of Uzbekistan in 2023,
GDP per capita and its average annual growth, gross added value created in economic sectors,
GDP growth rates and the impact of construction, services, industry, agriculture, forestry and
fisheries on GDP growth over the past seven years

472-478 68 56
EFFICIENCY OF THE SERVICE SECTOR AND WAYS TO IMPROVE IT
Kulmamat Mirzaev, Mirzabek Jonuzakov

The further development of the service sector is directly related to the
improvement of the sector's efficiency. In this article, the need to take into account its
characteristics, unique opportunities and development conditions, influencing factors,
organizational-management system, etc., in order to increase the efficiency of services, is
scientifically justified

479-485 108 54
RESEARCH ON THE IMPACT OF BLOCKCHAIN ON AUDITING
Dilobar Mirsodikova

Blockchain technology has been a hot topic in recent years. On October 10,
2019, Secretary General Xi Jinping publicly stated for the first time the importance of developing
blockchain technology and urged people to think about using blockchain technology to transform
the economic structure. Various industries, including high-tech manufacturing, digital finance,
supply chain management and the Internet, are striving to integrate blockchain technology into
them to promote product updates and innovations. Similarly, blockchain technology is also
considered applicable to the field of auditing in order to better contribute to the development of
this area. This article discusses the application of blockchain technology in the field of auditing

486-493 66 59
IMPROVING THE MECHANISM FOR MANAGING INNOVATION ACTIVITY OF AN IT ORGANIZATION USING A CASE EXAMPLE
Nargiza Musadzhanova

This article presents the conclusions of studies devoted to improving the
mechanisms for managing innovation activity in IT organizations using a specific case as an example.
The article highlights the complexities and challenges that organizations face when integrating new
technologies and management practices, and demonstrates the importance of an integrated
approach, including strategic planning, modularization of work, use of external resources,
collaboration and the development of detailed documentation. The author offers recommendations
for optimizing innovation management, emphasizing the need for cultural changes in the organization
for successful innovation

494-500 65 43
ISSUES OF ORGANIZATION OF INTERNAL AUDIT IN THE TAX SYSTEM
Sanjar Muhamedov

This article covers the issues of organization and improvement of internal
audit in the system of tax authorities. Proposals are made based on the analysis of internal audit
organization practice.

501-505 61 50
ECONOMIC THEORETICAL FOUNDATIONS OF THE DIGITAL ECONOMY IN THE CENTRALIZATION OF SERVICES
Ahror Mukhitdinov

In this article, information about the importance and role of digital economy
concepts, scientific-theoretical views and approaches in the centralization of digital economy
services has been written. It is noted that the digital development of the dispatching service using
digital technologies and the improvement of its operational quality of service require the
implementation of specific business models

506-513 50 37
FORECASTING EXCHANGE RATE AND INFLATION VOLATILITY
Muxlisa Norbayeva

This scientific article analyzes the factors affecting the exchange rate in our
country. Also, in the case of Uzbekistan, the forecast scenarios of fluctuations in the national
currency exchange rate and the level of inflation in the domestic economy until 2026 were
implemented. It was forecast based on the statistics of the period after the liberalization of the
foreign exchange policy, that is, after October 2017

514-521 61 49
ANALYSIS OF THE MAIN CHANGES MADE TO TAX LEGISLATION IN UZBEKISTAN IN 2024
Umid Normurzaev

One of the important tasks is to increase the volume of market services by
introducing new approaches to the tax legislation of the Republic of Uzbekistan in 2024 and
improving the procedure for granting tax benefits. At the same time, some important reforms
implemented in the tax system of Uzbekistan were studied, foreign experience, scientific-practical
conclusions and suggestions on its application in our country were developed

522-531 76 63
FUNDAMENTALS OF ORGANIZING AN ACCOUNTING AND ANALYTICAL SYSTEM FOR STRATEGIC MANAGEMENT ACCOUNTING
Shakhnoza Pardaeva

This article outlines the basics of organizing an accounting and analytical system
for strategic management accounting in business entities, accounting methods adopted in the
accounting and analytical system and approaches to organizing strategic management
accounting in business entities

532-537 90 59
ANALYSIS OF PRODUCTION AND SALE OF ALCOHOL AND TOBACCO PRODUCTS IN UZBEKISTAN
Khushvakt Radjabov

The article states that excise taxes are included in the price of excise goods and
thus passed on to final consumers. At the same time, general information about the analyzes
conducted on the production and sale of alcohol and tobacco products in Uzbekistan is given. The
study includes a comprehensive examination of market dynamics, regulatory frameworks,
industry players and socio-economic factors affecting these two sectors.
Excise tax plays an important role in the formation of state revenues and regulation of
consumption of certain goods and services. This article outlines the main directions for improving
the control mechanisms of the excise tax administration, focusing on policy reforms integration
and capacity building in tax authorities.

538-546 63 60
EFFECTIVE ORGANIZATION OF THE ASSESSMENT PROCESS OF BUSINESS PROJECTS
Jasur Razzakov

In this article, the researches of a number of economic scientists have been
researched in the study of the issues of effective organization of the practice of assessing the
effectiveness of business projects. The methods used in assessing the effectiveness of business
projects, the possibilities of developing projects and using due diligence practice in this process
are analyzed. Scientific conclusions are given based on the conducted research

547-553 80 52
ISSUES OF IMPROVEMENT OF CAMERAL TAX INSPECTION
Asatillo Rakhmatov

The article highlights issues of improving desk tax audits, which are an integral
part of tax control. Based on data obtained from practice, an analysis was carried out and
proposals were made to improve the desk tax audit

554-558 61 45
ORGANIZING AN AUDIT OF COSTS FOR NEW PROJECTS IN FREE ECONOMIC ZONES
Anvar Ruzmamatov

In recent years, given the importance of new investment projects in the
Republic of Uzbekistan, large-scale events have been carried out aimed at creating special
economic zones, their development, as well as attracting investment in ongoing projects. However,
not all new projects implemented in special economic zones achieve their goals, and some projects
are not delivered on time. This shows how important it is to properly organize the verification of
costs for new projects implemented in special economic zones, as well as to evaluate the
effectiveness of projects during the verification process. This article discusses the issues of
organizing an audit of the costs of new projects in free economic zones - a type of special economic
zones and assessing their effectiveness through analytical procedures

559-568 62 36
ECONOMIC ROLE OF ONION CULTIVATION IN AGRICULTURE AND ITS EFFECTIVENESS
Shokhida Sadikova

In this article, the technology and characteristics of onion cultivation in the
agrarian sector of our country, the group of factors affecting it, and the necessary scientific
conclusions are made.

569-575 58 48
THEORETICAL AND LEGAL ISSUES OF ORGANIZATION OF CAMERAL TAX INSPECTION
Anvar Sayfutdinov

The article covers the issues of improving the chamber tax inspection. Analyzes
were conducted based on the data obtained from the practice, and proposals were made to
improve the chamber's tax inspection

576-580 52 42
WAYS TO ENSURE INTEGRATED SOCIO-ECONOMIC DEVELOPMENT OF RURAL TERRITORIES IN THE REPUBLIC OF UZBEKISTAN
Юлдуз Салимова

The necessity of determining further priorities for the development of rural
areas in the Republic of Uzbekistan, which provides comprehensive sustainable socio-economic
and innovative growth and contributes to increasing the welfare of rural residents, is
substantiated. Systemic problems of rural areas have been identified and ways of solving them are
proposed. The basic principles of rural development are formulated, and its new priority directions
are proposed. The choice of tools is of great importance for the implementation of the main
identified areas of rural development. In conclusion, it is concluded that it is necessary to intensify
efforts to modernize agriculture in the country and develop rural areas in order to achieve
comprehensive sustainable economic growth and improve the quality of life of the rural
population. This article is of interest to researchers, government agencies, specialists and anyone
interested in rural development in Uzbekistan

581-596 60 54
MODERN WORLD MODELS OF INNOVATIVE DEVELOPMENT
Munisa Sultanova

The article is devoted to the study of the features of models of the national
innovation system, in particular the Euro-Atlantic, East Asian, Alternative, Triple Helix Model. The
modern typology of models of the national innovation system has been studied, and the
characteristic features of each of them have been analyzed. Based on the results of the study, it
was concluded that the key factors of innovative development are various instruments of
government incentives

597-605 259 88
MECHANISMS AND METHODS OF FINANCING INVESTMENT PROJECTS OF LARGE ENTERPRISES
Bobir Sultonmurodov

The article examines the concept and essence of investment lending and project
financing, foreign experience of banks in financing investment projects. It is known that financing
large enterprises in the country contributes to GDP growth and sustainable economic
development. Today, Uzbekistan pays great attention to improving the financial and banking
sector, banks with a state share are on the way to privatization. International financial
institutions such as the International Finance Corporation (IFC), the European Bank for
Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) are involved in
the process of privatization of the banking sector. In this study, the possibilities of applying foreign
experience in financing investment projects were studied

606-611 75 56
GROUPS BENEFITS FROM BUSINESS AND THEIR MAIN RESPONSIBILITIES
Abduholik Tangirov

The article analyzes the differences and changes in the career of a manager
and his profession, the goals and objectives of groups interested in the company's activities, i.e. the
owner, management and employees, and also develops proposals for harmonizing their interests

612-617 68 44
PRIORITY DIRECTIONS FOR THE DEVELOPMENT OF SMALL BUSINESS AND ENTREPRENEURSHIP IN THE REPUBLIC OF UZBEKISTAN
Nursuluv Tuganbekova

The pace of private entrepreneurship is advancing rapidly in Uzbekistan. A
range of advantageous legal and economic conditions has been established for local entrepreneurs
and investors. The ongoing process of liberalization within the national economy is positively
influencing the upswing in economic indicators. Prosperous economic advancement lays the
foundation for the elevation of the population's well-being. Measures are underway to continually
enhance and refine the business environment and foster entrepreneurship. The article outlines the
findings from an analysis of the current state and future prospects of private entrepreneurship.
Additionally, the article delves into prioritized avenues for the ongoing development of the private
sector

618-624 76 40
SCENARIO ECONOMETRIC FORECASTS OF EXPORT DYNAMICS OF THE REPUBLIC OF UZBEKISTAN BASED ON A VECTOR ERROR CORRECTION MODEL
Munisa Turdibaeva

The paper presents a systematic review of the literature on modeling export
dynamics based on vector autoregressions, as well as the results of econometric modeling and
scenario-based forecasts of export dynamics of the Republic of Uzbekistan based on a vector error
correction model. In conclusion, recommendations are provided to ensure an increase in the volume
of exports of the republic, taking into account external risks and internal macroeconomic factors

625-633 79 52
IMPORTANCE OF TAX REPORTING AND ITS HISTORICAL EVOLUTION
Gulnoza Tursunova

This article comprehensively explores the historical evolution and modern
importance of tax reporting. It traces the origins of taxation from ancient civilizations to modern
economies, examining major milestones, legislative reforms, and technological advances that have
shaped tax reporting practices over time. It also analyzes the importance of tax reporting in
promoting fiscal management, revenue generation, social equity, transparency and economic
development.

634-643 46 46
LABOR RESOURCES – THE MAIN FACTOR IN THE DEVELOPMENT OF THE NATIONAL ECONOMY
Yulduz Urunbaeva

The article emphasizes that employment in the country is an important factor
in the socio-economic development of the country.

644-649 87 47
EQUIVALENT EXCHANGE AS THE BASIS OF REGULATED MARKET RELATIONS
Anvar Usmanov

The article discusses the theory of equivalent exchange, analyzes the various
positions of scientists on this theory. The general and special features of the equivalent exchange
are revealed. The scientific and practical principles of ensuring equivalent exchange and the
formation of a mechanism of regulated market relations on this basis are outlined. The
methodological basis and essence of regulated market relations in the most general terms is
represented as cognition, scientific understanding and formation of ways to transform the value
of gross product and its structure into codifying distributive elements of price, as a toolkit of the
market mechanism of influence on production

650-660 61 48
EFFECTIVENESS OF APPLICATION OF DIVERSIFICATION STRATEGY IN INCREASE OF PRODUCTION OF EXPORT BOP PRODUCTS IN COTTON-TEXTILE CLUSTER
Ilkhom Khaidarov

The article examines the issue of choosing an effective diversification strategy
for increasing the production of export-oriented products in cotton-textile clusters

661-664 55 40
NATURE AND TYPES OF INVESTMENT RISKS
Maftuna Hakimzada

The article presents scientific views and definitions on the nature and types of
investment risks. Based on the definition, proposals for grouping and classifying investment risks
are given. Classification criteria and management factors are also described

665-671 99 47
IMPROVING THE ACCOUNTING OF FINANCIAL INSTRUMENTS BASED ON INTERNATIONAL STANDARDS
Rustam Xolpulotov

In accordance with the “Financial Instruments: Information Disclosure”
standard No. 7, the article describes the essence, purpose, functions and application aspects of
financial instrument accounting disclosure. In recent years, the variety of financial instruments
and the complexity of their dynamics in financial markets have sharply increased in the world.
This serves to increase the risk of financial instruments. The article describes the types of risks in
accounting for financial instruments and the procedure for explaining them. In the system of
international financial reporting standards, the topic of financial instruments is considered the
most complex. Accounting information for financial instruments requires a large amount of
knowledge and skills. IFRS 7 Financial Instruments: Disclosures Good disclosure is more of an art
than a science

672-681 90 55
THE ROLE OF THE SILK INDUSTRY IN THE ECONOMY OF UZBEKISTAN
Mamarasul Khudoykulov

In the article, we consider the historical origin of the silk industry, its economic
contribution, current situation, market dynamics, problems, development trends and
consequences. Through best practices and recommendations, we aim to provide a comprehensive
understanding of the past, present and future of the silk industry, highlighting its importance for
economic prosperity and preservation of cultural heritage

682-690 59 58
IMPROVING THE METHODOLOGY FOR ASSESSING COMMERCIAL RISKS AT SUBJECTS
Gulmira Sharipova

The article considers the issues of forming an effective product portfolio and
reducing the level of commercial risk. The possibilities of applying the methodology for
determining the loss caused by commercial risk within the purchase budget, based on the curve of
the distribution of purchase attributes in accordance with the Pareto optimum, are proved.

691-698 65 65
DEVELOPMENT OF INVESTMENT MECHANISMS DURING THE TRANSITION TO THE DIGITAL ECONOMY
Akrom Erkayev

The article discusses the impact of the investment mechanism on the technical
and technological development of the national economy and changes in its sectoral structure over
the years of independence, as well as changes in the state investment policy and investment in
fixed assets by technological, sectoral structure and sources of funding.

699-707 60 62
DEVELOPMENT OF THE SERVICE SECTOR IN UZBEKISTAN, ITS ECONOMIC SIGNIFICANCE, STATISTICAL ANALYSIS AND PROSPECTS
Gulam Ernazarov

in the article, the importance of the service sector and its development, which
is considered one of the most important sectors of the national economy of Uzbekistan, was studied
on the basis of statistical observations and its content was comprehensively revealed. Also, a
statistical analysis of the role, importance and share of this sphere in the national economy of the
Republic of Uzbekistan in GDP and the dynamics of its development was carried out

708-714 84 60
ANALYSIS OF LIQUIDITY AND PROFITABILITY OF OIL REFINERIES IN MODERN CONDITIONS
Marifatkhon Yarkulova

In a market economy, liquidity and solvency are the most important
characteristics of financial and economic activities of enterprises, in particular in oil refining. The
financial condition determines the competitiveness of an enterprise, its potential in business
processes, to what extent the economic interests of the enterprise and its counterparties in
financial and other relations are respected. Liquidity is the ability of an asset to be sold in a
business, economy, or invested without significant price changes and with little loss of value. The
most liquid asset is money or cash on hand, which can be immediately used to carry out economic
transactions, including buying, selling, paying off debts, and meeting urgent desires and needs.
The basis of any company is liquidity. A comprehensive liquidity assessment is necessary for each
company, as it helps to predict future behavior. The article examines the theoretical aspects of
liquidity and solvency, analyzes the refinery, while assessing the main shortcomings and problems,
and provides recommendations for improving the financial condition

715-722 87 67