No. 4 (2024) Economic development and analysis

The article discusses the recommendations of the International Basel Committee on regulation and control of the banking system and related requirements. The activity of the country's banking system is analyzed according to international standards and the relevant conclusions are given.

Tax costs are a significant part of business costs, affecting profitability, cash flow, competitiveness and compliance. Despite their importance, tax costs are often overlooked in business decision-making. This article examines the important role of tax expenditures as a component of enterprise costs, examining their impact on financial results, risk management, and strategic planning.

In this article, during the period of new economic development of Uzbekistan, the special importance of the service sector, prospects and development trends are studied. The development of the service sector based on modern innovative technologies, its weight in the national economy and ways to create new jobs, increase employment and income of the population through the development of the industry are also statistically analyzed

This article mentions current issues regarding the transfer of financial results accounting to international standards. Definitions given to financial results by foreign and domestic scientists have been critically studied. In the research work, an improved author's definition of financial results was developed. In the definition provided by the author, it is taken into account that profit or loss occurs as a result of the formation of financial results in accordance with international standards, the comparison of income and expenses based on the principle of compatibility, profit increases private capital, and loss is a factor that decreases private capital. The sequence of implementation of the principles of accrual, realization, compliance and economic benefit is recommended.