About the activity of the accounting department of the Urgench branch of the Tashkent University of Information Technologies named after Muhammad al-Khwarizmi

University accounting performs the following functions:

• The university organizes and maintains accounting to provide complete and reliable information on accounting, external and internal users about the financial and economic activities and financial condition of the university;
• Accounting based on the conditions of the university's business conditions, structure, level of sectoral affiliation and other types of opportunities, which allows to obtain timely information for the assessment, analysis, design and control of the financial condition and results of the university's activities. form the accounting policy in accordance with the normative documents on.
• Prepares and approves forms of internal accounting, forms of primary accounting documents used for business transactions, accounting work plan consisting of statistical and analytical accounts;
• Provides inventory and valuation procedures, documentation of property availability, condition and value;
• Establishes an internal control system for the correctness of business transactions in accordance with the document flow;
• Forms an accounting and reporting information system that meets the requirements of accounting, tax, statistical and management accounting, providing the necessary accounting information to external and internal users;
• Maintains accounting registers using modern information technologies, progressive forms and methods of accounting and control;
• Carries out work on financial results of the University, financial, accounting and credit operations, financial resources, inventories, fixed assets, liabilities and property;
• Determining the direction of distribution of income (profit), increase profitability, control over the safety, targeted and economical use of system assets;
• Control over the proper use of the salary fund on the basis of approved staffing tables and staffing forms;
• Control over the expenditure of budget and extra-budgetary funds on the basis of approved cost estimates;

Accounting provides:

• Accurate and timely recording of business transactions, cash flows, revenue and expenditure formation, and fulfillment of obligations in the accounting records;
• Timely transfer of taxes and fees to the republican, regional and local budgets, insurance premiums to extra-budgetary social funds, payments to credit institutions, financing facilities, funds to cover debt on loans 'delivery;
• Controlling the use of the payroll by the organization and the accuracy of payroll calculations, inventory, accounting and reporting procedures, and legal audits;
• Develop proposals to improve the financial performance of the University, eliminate financial losses and non-production costs;
• Ensuring compliance with financial and treasury regulations, ensuring the legality of deducting deficiencies, receivables and other losses from the accounting records;
• Preparation and submission of financial and tax reports to the relevant authorities in the manner prescribed by law and by-laws;
• Development of proposals for the inventory of financial assets and liabilities and the organization of the registration of inventory results in the prescribed manner;