IMPROVEMENT OF INVENTORY ACCOUNTING IN BUDGET ORGANIZATIONS IN UZBEKISTAN: A CONTEXT-SPECIFIC APPROACH
Keywords:inventory accounting, budget organizations, financial management, financial reporting.
Inventory accounting is a critical aspect of financial management in budget organizations, including those in Uzbekistan. Accurate inventory management ensures optimal resource allocation and financial stability. However, many budget organizations in Uzbekistan struggle to maintain effective inventory accounting practices due to a lack of standardized procedures, technological limitations, and human errors. This article examines the challenges faced by budget organizations in Uzbekistan in inventory accounting and proposes strategies for improvement. These include implementing standardized procedures, adopting technology, improving employee training, and fostering a culture of continuous improvement. By adopting these recommendations, budget organizations in Uzbekistan can enhance their inventory accounting practices, leading to increased efficiency and financial stability.