IMPROVING THE ACCOUNTING AND CONTROL OF EXPENDITURES BASED ON FINANCIAL SOURCES OF HIGHER EDUCATION INSTITUTIONS IN UZBEKISTAN

Abstract

The effective management of financial resources in higher education institutions (HEIs) is critical for ensuring sustainable development and quality education in Uzbekistan. This study examines current challenges and opportunities in the accounting and control of expenditures funded from various financial sources within Uzbek HEIs. By analyzing national regulatory frameworks, conducting interviews with financial officers, and reviewing best practices, the research identifies gaps in transparency, internal control, and financial reporting. The study proposes practical recommendations, including the adoption of International Financial Reporting Standards (IFRS), the implementation of integrated Financial Management Information Systems (FMIS), and capacity building for accounting personnel. These improvements aim to enhance the reliability, accountability, and efficiency of expenditure management in Uzbekistan’s higher education sector.