UDC 336.648
Authors
Botobekov A. B.
Doctor of Economics, Professor, Head of the Department of Accounting,
Analysis and Audit, Kyrgyz National University. Zh. Balasagyna, Bishkek,
Kyrgyz Republic
Ermatov K. B.
postgraduate student of the Higher School of Economics, Kyrgyz National
University. Zh. Balasagyna, Bishkek, Kyrgyz Republic
Abstract
This article examines the problems of organizing accounting and internal control in economic entities of the construction industry of Kyrgyzstan, and assesses the organizational and economic foundations for the development of the construction industry of Kyrgyzstan in modern operating conditions. Research carried out during the preparation of the article showed that in Kyrgyzstan today there are no real prerequisites for reforming the accounting of borrowed capital of construction organizations. Bringing the tax legislation of the Kyrgyz Republic into compliance with international requirements, the emergence of new financial institutions, the gradual transition to IFRS and, as a result, the development of financial relations, have placed business entities in the construction industry in such tough economic conditions that objectively determine their implementation of a balanced, interested investment policy to maintain and strengthen financial condition, its solvency, financial stability, efficiency of use of borrowed capital. Potential investors pay attention to the degree of financial dependence of construction entities, the types and conditions for attracting borrowed capital, the directions of their use, the risk of possible bankruptcy in the event of claims from creditors for the repayment of debts, the priority of rights to receive the principal debt and interest on it.
Keywords
borrowed capital, accounts payable, international standards, control, economics, accounting, analysis, evaluation, capital, contract, construction, implementation, capital investments, research, processes, system, double entry, accounts.
