Head of the Department “Budget Accounting ”, Tashkent Institute of Finance, professor
Online published on 25 June, 2019.
In the world of international relations, the country's commitment and the way it manages its own resources is based on the understanding of the financial position. At the same time, the preparation of financial reporting in the public sector requires the development of internationally accepted rules. This, in turn, requires the use of international accounting standards in the public sector to formulate financial reporting in the public sector. This article draws attention to the importance of scientific and methodological aspects of the use of international accounting standards for the public sector in improving the execution of the budgets of the budget system.
Budget accounting, public sector, financial reporting, financial assets, liabilities, cash method, accrual method, net assets