Improving The Accounting Of Securities And Problems Of Their Recognition In Liabilities

Аннотация

Securities are vital components of modern financial markets, serving as tools for capital raising and investment opportunities. This article examines the classification of securities—stocks, bonds, and derivatives— and analyzes their recognition as liabilities in Uzbekistan’s financial system. Despite significant growth in the securities market, particularly through the Tashkent Republican Stock Exchange, the current accounting procedures do not fully align with International Financial Reporting Standards (IFRS), impacting transparency and investor confidence. The study employs analytical, statistical, and normative-legal comparative methods to identify gaps in local practices and propose improvements. Key findings highlight the underdeveloped derivatives market and inconsistencies in accounting standards. Recommendations include adopting IFRS, implementing modern accounting software, training specialists, establishing clear regulations, and enhancing corporate reporting transparency to strengthen Uzbekistan’s financial market and attract foreign investment. Keywords: - securities, financial market, liabilities, stocks, bonds, derivatives, IFRS (International Financial Reporting Standards), accounting, transparency.