Current Issues of Cost Accounting in Non-Governmental Educational Organizations Operating in Uzbekistan
DOI:
https://doi.org/10.31150/ajebm.v8i2.3294Keywords:
non-governmental educational organizations, educational services, educational process, direct costs, indirect costs, cost of educational servicesAbstract
The research investigates essential elements of cost accounting practices in non-governmental educational organizations in Uzbekistan. The research examines NGEO cost structures by analyzing direct versus indirect expenses which affect educational service costs in separate sections. These institutions currently face difficulties when trying to synchronize their financial operations with international accounting rules following governmental sector reforms which aim to improve education sector transparency and efficiency.The research design adopts a qualitative method to understand how non-governmental educational organizations distribute expenses between operational and non-operational activities. Financial management gets assessed through analysis of three main cost elements: material expenses and wages and depreciation share. Reliable data about accounting methods at "Tasdiq A’lo O’quv" and "Istiqbolli Talim" shows the techniques these institutions use to report finances and categorize costs and recognize expenses. The research results demonstrate that financial sustainability depends on having a structured accounting system which follows international reporting principles for effective management of costs. The research presents numeric recommendations to maximize cost management in NGEOs by adopting segmental reporting standards alongside cutting-edge accounting techniques. These findings help the educational sector develop its financial practice standards while providing policy and administrative leaders with useful guidelines for better financial reporting in NGEOs.
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References
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