Development of International Entrepreneurship Based on Corporate Accounting and Reporting According to IFRS: Volume 33A

The research addresses the issue of elitism in international trade and the barriers in global markets arising from the elitist criteria for transitioning to International Financial Reporting Standards (IFRS). The research aims to identify criteria and pathways for achieving a favorable business climate for the transition to IFRS. Based on international statistics from the World Bank for 2019–2021, the authors identify the determinants of the adoption of IFRS using regression analysis. The authors performed econometric modeling of participation in international trade on global markets based on IFRS factors. As a result, the research selected criteria for a favorable business climate for transitioning to IFRS. The selected criteria are feasible for adherence by all countries and ensure the inclusivity of IFRS. The selected criteria include (in decreasing order of significance): improvement of the investment climate, development of public–private partnerships, overcoming the shadow economy, and strengthening the legal environment. The theoretical significance of the author's conclusions lies in the reevaluation of criteria for a favorable business climate for transitioning to IFRS in the context of new, multipolar globalization. The conclusions formulate a set of inclusive criteria that support free international trade and the openness of global markets. The practical significance of the results obtained in the research is that they outline a path to achieving a favorable business climate in Russia and propose a set of authorial recommendations for transitioning Russian businesses to IFRS.

The research describes the procedure for accounting for the items of the consolidated cash flow statement as a consolidated financial statement. The authors also discuss the operating, investing, and financing activities of the consolidated cash flow statement and various aspects of the items included in it. Moreover, the authors consider the direct and indirect methods and exchange rate differences in foreign exchange funds (i.e., spot rate, reporting rate, various aspects of average rates, and money). The accounting and compilation of unrelated transactions in the financial statement are given. The authors also consider the purpose of the consolidated cash flow statement, the requirements for presenting the statement of cash flows, the distinction between cash equivalents and other financial assets, and the purpose of the consolidated cash flow statement, which is reliable for foreign investors and prospective investors and approximates the financial statements of large companies. Foreign currency funds, interest and dividend cash flows, profit tax cash flows, and noncash transactions are considered when drawing up a statement of operations using direct and indirect methods.

The digital transformation of economic processes in the Russian Federation has necessitated the use of digitalization tools for International Financial Reporting Standards (IFRS) reporting, which is reflected in this research. To more effectively apply IFRS reporting, businesses need to digitize financial and nonfinancial indicators contained in the reporting. The authors identified the pros and cons of the eXtensible Business Reporting Language (XBRL) standard when preparing financial statements under IFRS. The XBRL standard makes it possible to calculate the financial and nonfinancial indicators of the reporting company in various sections. Preparation of IFRS reporting using the XBRL standard changes the transparency and openness of accounting data according to international traditions and brings them closer to world standards for the language of digitalization. The use of the XBRL standard significantly reduces the time it takes to prepare financial statements and eliminates the inconsistency of metadata. However, it cannot replace the professional judgment of a qualified accountant in the near future. To fully implement the XBRL format when preparing financial statements under IFRS, it is necessary to certify domestic software developers who can ensure a secure process for collecting, processing, and transmitting company data through digital channels.

In accordance with international standards, this research discusses ways to improve the organizational and methodological aspects of the identification and accounting of biological assets in animal husbandry. The authors studied definitions of the concept of biological assets in regulatory legal documents, including in International Accounting Standard (IAS) No. 41 “Agriculture” and the budget accounting standard of the Republic of Uzbekistan (BAS No. 5) “Agriculture.” Moreover, the authors considered the definitions and approaches of foreign and Uzbek economists. Based on these studies, the authors formed their approach to the concept of biological assets. The research also studies and examines the issues of recognizing and determining the true value of a biological asset. Based on the research, the authors recommend the forms of primary accounting documents for recording the movement of biological assets for farms specializing in livestock production. A system of accounts is proposed for recording biological assets in livestock farms, their correspondence to other accounts is shown, and the need to use these accounts in practice is scientifically substantiated.

International Financial Reporting Standards (IFRS) on microfinance services are important for several reasons, such as global financial integration, investor confidence, risk assessment, access to capital markets, creditworthiness, alignment with best practices, international partnerships, legal compliance, capacity building, and risk mitigation. The data is based on reports from all commercial banks in Uzbekistan. The authors developed the econometric equation using the autoregressive distributed lag (ARDL) model. This research hypothesizes that the bank's net profit is positively related to the bank's deposit practices. High net profit in commercial banks indicates financial strength and stability, which can increase customer trust in the bank. Depositors are more likely to entrust their funds to banks with strong financial performance because this increases their deposits' security. Consequently, higher net profit is expected to be associated with increased deposit practices. The factors are econometrically analyzed based on the conceptual model created by the author. The results of this study are of practical importance for developing remote banking services in the banking system of Uzbekistan. In conclusion, the econometric model provides insight into the relationship between various independent variables (loan operations, microfinance services, and net profit) and the dependent variable (deposit operations) for commercial banks.

The research aims to identify the promising outlines of IFRS 4.0, where these standards will ensure the digital competitiveness of the economy and entrepreneurship. The authors systematize international experience with reference to the World Bank's statistics for 2022 and develop an econometric model that mathematically describes the cause-and-effect relationships of the IFRS 4.0 application. The model showed that an increase in the degree of information disclosure in corporate reporting ensures the inflow of investment, growth of high-tech exports, and the development of domestic high-tech industries (i.e., strengthens the digital competitiveness of the economy and entrepreneurship). The author's main conclusion is that IFRS 4.0 should provide for investment accounting and reflection of financial instruments for developing the digital economy for these standards to ensure the digital competitiveness of the countries and enterprises applying them. As for theoretical significance, this research, for the first time, proposes a promising outline of IFRS 4.0, with which these standards will ensure the digital competitiveness of the economy and entrepreneurship. That is, they will be applicable and highly effective in an Industry 4.0 environment. The managerial significance is that the author's recommendations on the development, implementation, and application of IFRS 4.0 will improve current corporate accounting and reporting practices in Industry 4.0. The practical significance is disclosed in perspective of IFRS 4.0 application in Uzbekistan proposed control values of target indicators, which can be used in drawing up a road map for strengthening the digital competitiveness of the economy and entrepreneurship of Uzbekistan.

Corporate governance is the system of rules, practices, and processes used to direct and control a company. It is important to ensure that companies are managed fairly and transparently, protecting all stakeholders' interests. Joint-stock companies (JSCs) are a type of business organization in which ownership is divided into shares. Shareholders are the company's owners; they have the right to vote on important company matters (e.g., electing the board of directors and approving major financial decisions). International standards for corporate governance have been developed by a number of organizations, including the World Bank, the Organization for Economic Cooperation and Development (OECD), and the International Finance Corporation (IFC). These standards provide guidance on how to establish and maintain effective corporate governance systems.

The scientific and professional accounting and auditing community has been widely discussing the transformation of the information environment for presenting the results of business conduct by commercial entities in the field of sustainable development in three vectors: environmental impact assessment, impact assessment for compliance with human rights and solving socially important tasks, and assessment of corporate governance efficiency. Cash flows are an important object of financial accounting in companies. Cash flows combine indicators used to make key decisions and reflect the effectiveness of compliance with corporate policies and implementation of sustainable development programs. Today's external environment is predetermined by the need to make financial decisions in real time. Thus, it is necessary to understand what cash flow the company has and what type of activity will generate cash flows in the future. Therefore, companies need to be guided by national and international accounting and financial reporting standards in terms of analytical disclosure of cash flow information in the sustainable development context. The presented research considers the conceptual apparatus, historical aspects of the accounting category “cash flows,” and contemporary approaches to forming cash flow reporting in accordance with certain provisions of international standards. The authors provide recommendations on developing cash flow accounting and reporting in the context of new requirements of international standards. The presented research discloses practice-oriented recommendations on forming the company's cash flow statements, as well as methodological aspects of analyzing financial statements on cash flows as an additional information environment for making decisions on the main and additional financing of various business areas.

The research aims to define staffing that contributes to the transition to International Financial Reporting Standards (IFRS). The goal of this research is achieved by conducting a factor analysis of the transition to IFRS using the regression analysis based on Institute for Management Development (IMD) statistics for 52 countries in 2020–2023. As a result, the author builds an economic and mathematical model revealing the dependence between the success of the transition to IFRS and the influence of factors related to business staffing and provides a forecast on accelerating the pace of transition to IFRS for enterprises worldwide due to the business staffing management. The author emphasizes the importance of pedagogical skills as the key factors for transitioning to IFRS. The theoretical significance of the results obtained is that they make it possible to rethink the transition to IFRS from a pedagogical point of view. The author's conclusions specify the staffing problem in terms of transition to IFRS. The practical significance is expressed in the author's conclusions and recommendations that will help accelerate the transition of the business to IFRS – more fully reveal the export potential of the business, strengthen national brands on the world stage, and improve the efficiency of corporate accounting by optimizing its staffing. The managerial significance is expressed in recommendations to make it possible to improve the practice of human resource management for more complete and reliable staffing for the transition of a business to IFRS. The social significance lies in the proven key role of pedagogical skills in staffing for the transition to IFRS.

The research studies transition to International Financial Reporting Standards (IFRS) as a mechanism for increasing the investment attractiveness of the economy. Based on the international experience of 183 countries and World Bank statistics for 2022 by methods of correlation and regression analysis, the author has carried out econometric modeling of the impact of globalization in the context of its areas on the investment climate in the economy. The main author's conclusion is that the transition to IFRS is an effective but contradictory mechanism for increasing the investment attractiveness of the economy, which should be managed considering the national specifics of internal and external investment flows. The research novelty lies in the study the transition to IFRS not as a separate and independent business practice but as a means of improving the investment climate in the economy. The theoretical significance is that it bridges the gap between globalization governance and investment policy. The author argues that globalization should be implemented to support the transition to IFRS to improve the investment attractiveness of the economy. The practical significance is expressed in the fact that the author's proposed recommendations on diversification of globalization areas will help accelerate the transition to IFRS of business structures worldwide. The research is significant for investment policy in that the author's forecast and the proposed recommendations will help optimize the globalization effects on the investment attractiveness of the economy on the example of Uzbekistan. The recommendations can be used to develop the investment policy in Uzbekistan to improve its efficiency.

The research focuses on the problem of the mismatch between the current approach to corporate accounting and reporting according to International Financial Reporting Standards (IFRS) and the new paradigm of international entrepreneurship development in Russia. The research aims to identify global prerequisites and prospects for improving the approach to corporate accounting and reporting of international entrepreneurship according to IFRS in Russia. Drawing on international experience in developing digital economies from 2021 to 2023, the authors apply regression analysis to create an econometric model of IFRS application in international entrepreneurship. The model determines patterns of changes in the investment attractiveness of the economy for foreign investments as corporate accounting and reporting in international entrepreneurship are automated using big data, smart analytics, and other digital technologies. The main authors' conclusion is that smart automation of corporate accounting and reporting in international entrepreneurship according to IFRS ensures an influx of foreign investments. The theoretical significance lies in developing a new approach to corporate accounting and reporting for international entrepreneurship according to IFRS in Russia. The practical significance is expressed in the perspective offered to enhance the attractiveness of Russia's economy for foreign investments through smart automation of corporate accounting and reporting for international entrepreneurship according to IFRS. This can be utilized, first, in the business practices of international entrepreneurship in Russia to increase investment attractiveness for foreign investors. Second, it can be utilized in the state economic policy to stimulate the influx of foreign investments into the digitalization of Russia's economy.

The research focuses on determining the prospects for improving the practice of accounting, reflecting in International Financial Reporting Standards (IFRS), and managing intellectual property objects in Uzbekistan based on international experience. Using data from the World Bank's 2022 statistics and regression analysis, the authors model the impact of a set of managerial measures on the manifestations of creating and applying intellectual property objects. The authors conclude that nonfinancial measures are preferable, with human resource management (HRM) in research and development (R&D) being a prospective choice for managing the creation and application of intellectual property objects. The theoretical significance lies in justifying the need to reflect an expanded list of intellectual property objects in IFRS. The research also justifies the conditions for effective management of intellectual property objects, that are a rejection of financial measures and reliance on and active use of nonfinancial management measures. The managerial significance is reflected in the newly developed nonfinancial approach to accounting, reflecting in IFRS and managing intellectual property objects. This approach can enhance the efficiency of such management in knowledge-intensive and high-tech industries, unlocking the potential of IFRS to support the development of the knowledge economy. The practical significance lies in offering author recommendations for improving the practice of accounting, reflecting in IFRS, and managing intellectual property objects in Uzbekistan. Implementing these recommendations in the practice of IFRS and corporate accounting in Uzbekistan could propel the country toward a leading model in the knowledge economy and strengthen its position in global high-tech markets.

The research explores the intricate relationship between the central bank's main rate and the gross domestic product (GDP) growth in Uzbekistan while also considering the challenges and benefits associated with transitioning to International Financial Reporting Standards (IFRS). As an emerging economy, Uzbekistan has recently implemented significant economic reforms. This study investigates the role of the central bank's interest rate policy in shaping the country's economic growth and the impact of adopting IFRS on its financial transparency and investment climate. The Law of the Republic of Uzbekistan “On the Central Bank of the Republic of Uzbekistan” defines the task of developing and implementing monetary and credit policy of the Central Bank of the Republic of Uzbekistan, including currency policy. This research analyzes the effect of the refinancing rate of the Central Bank on the GDP of Uzbekistan. The authors applied the correlation methods of Tau-b Kendall and Spearman. During the research, the authors observed quarterly indicators from 2016 to 2022; the number of observations was 26. On this basis, the authors conclude that the Central Bank's policy of setting the main rate for the last seven years did not serve the GDP growth. The authors proposed establishing a scientific council to determine the Central Bank's refinancing rate and improve scientifically based monetary policy.

The research aims to comprehensively study a relatively new institute of Russian tax law – the value-added tax (VAT) office. For this purpose, the authors use the following research methods: logical, hypothetico-deductive, formal-legal, and comparative-legal. The research novelty is due to the subject of scientific analysis and the synthesis of the obtained research results. Particularly, the essential features of digital platforms are investigated. It is noted that the concepts of “digital platform” and “foreign company providing electronic services in Russia” are not identical. The research considers the foreign experience of tax accounting and VAT registration of companies. The simplicity of accounting of foreign companies is an important advantage of the tax jurisdiction: the simpler the grounds and procedure of registration, the more taxpayers express their intention for voluntary registration. Thus, the research discusses the problems of registration and deregistration, as well as the voluntary registration of such companies. Currently, 3,292 companies are registered in Russia, which indicates the success of this tax institution. Simultaneously, it is noted that there is a lack of law enforcement practice directly related to the VAT office. This order of things may testify in favor of the effectiveness of the complex of legal norms under consideration.

This chapter explores the perspectives of addressing global challenges related to health care, energy, climate, and environment using the instruments of innovation and structural policy. It develops an analytical framework for continuously scanning emerging technologies and scientific developments using the TIM Analytics database of scientific publications and patent applications. The analysis identified the most promising early developments and weak signals among the technological areas with high activeness of publications over the period of 2015–2022. In the field of health care, emerging technologies are focused on providing better ways of diagnostics (liquid biopsy, biosensors, and theranostics), drug delivery (exosomes, graphene-based drug delivery), tissue recovery (organoids), and preventive treatment (personalized medicine). Emerging trends in clean energy include new types of solar energy generation and storage (perovskite thin film solar cells, concentrated solar power, graphene solar panels, and artificial photosynthesis) and self-powered systems (nanogenerators). To address the issues of climate change and environmental deterioration, one should pay close attention to emerging carbon capture technologies (biochar, direct capture, and BECC).

To conduct a cross-border transaction, participants need an exchange object (goods) and at least two direct parties (the seller and the buyer), forming the foundation of a significant exchange mechanism. Beyond the primary buyer and seller, the transaction involves intermediaries, representatives of actors, carriers, insurers, state officials, and other individuals. These stakeholders engage at various levels, ranging from international and national to regional and local communities. The authors propose a novel way to classify stakeholders based on their involvement in value-added distribution. Trading operations enable actors to gain a trading margin; many stakeholders participate in this process. One group of stakeholders contributes to shaping the “rules of the game,” establishing framework conditions and limitations for cross-border commodity exchange. Another larger group experiences the direct or indirect impact of export–import operations on their activities. This distinction among stakeholders leads the authors to develop a two-tier model for trade relations in border regions. The model differentiates between exogenous and endogenous factors influencing the dynamics of the resulting features, making it possible to examine border regions' development under the influence of cross-border trade dynamics.

This research aims to solve the regression problem and create neural network models of motivation of top management of governing structures of regions. The authors modeled the criteria of nonmaterial and material motivation of top managers of regional state structures and the region's strategic potential using neural networks. Both types of top managers' motivation can be influenced by the development of the region's strategic potential in the future. Material motivation refers to the salary of senior civil servants. Nonmaterial motivation refers to career growth opportunities. The population growth rate of the regions is an objective function and needs to be maximized. Neural network modeling of motivation of top management of state structures in the regions is more accurate. An approximated time series is predicted in the regression problem. Therefore, the future neural network is built and trained considering the cyclical fluctuations of the objective function – the coefficient of natural population growth. A constructive system of material and nonmaterial motivation of managers is used for state structures in the regions.

The research aims to show the importance of considering the specific threats to economic security that arise in the context of digital transformation. The classification and understanding of these threats allow us to develop the most effective public policy tools to overcome them. The research is based on content analysis of information from government documents and internet resources. According to the authors, economic security in the digital environment is the state of the subject of economic activity (individual, society, or state), which ensures its normal functioning in the virtual world and maintains the security, stability, and predictability of the relations in which this subject participates in the digital environment. Moreover, there should be no factors of the digital environment that can cause harm in the virtual and real world, or these factors should not affect the subject. The government plays a central role in solving the problem of ensuring economic security in the digital age because it concentrates on the social will and aspirations and sets the vector for the development of society, including in the digital environment. Simultaneously, the form that evolutionary processes take in a particular society has its own national, regional, and historical specifics.

Every day, our society becomes more complicated, acquiring new features. There are currently several trends in its development, one of which is digitalization. Digitalization of state and municipal administration plays a huge role in the Russian Federation. It contributes to the transformation of state and municipal services into a digital format, increases the quantity and quality of these services for the transition to digital communication of citizens, entrepreneurship, and the state, accelerates the service of citizens, and creates comfortable conditions, which can play a decisive role in developing the Russian Federation. It becomes more functional, convenient, and practical every day. Apparently, there are problems associated with the transformation of the state's activities into a digital format. However, these problems are promptly addressed. One thing is for sure – the development course is set correctly. Digitalization of state and municipal administration is a fairly new regulation sector, which is rapidly developing and requires significant changes in regulatory legal acts to ensure proper security and legal regulation of relations because the value and significance of information increases annually. Digital transformation in the activities of state and municipal bodies makes it possible to establish more trusting communication links with society and increase digital transparency.

The research focuses on the company's warehouse logistics. The research aims to develop recommendations for optimizing the company's warehouse costs. The research materials include scientific literature, internet sources, reporting of the company, and the points of view of such authors as Gabelkov, Lesnikova, Santalova, Soklakova, Zhakhongirov, and others. When conducting this research, the authors applied general scientific and special methods, including comparison, analysis, calculation, dialectical methods, and others. The authors examine the organization of the company's warehouse, identify problems, and determine ways to reduce warehouse costs. To optimize storage costs, the authors recommend that the company organize a new division to sell discounted goods in the area of the warehouse complex. The main task of the sector will be to reduce the company's costs. For convenience, the company will call this unit the “Defective goods” sector in the future. The “Defective goods” sector will be able to work not only with defects within the warehouse but also to accept goods from customers. The research result is a proposal for organizing the “Defective goods” warehouse sector and developing an algorithm for its operation. Introducing the “Defective goods” warehouse sector will optimize the company's warehouse costs.

The relevance of this research is determined by the fact that the creation of innovative goods and services involves a set of marketing activities to assess the market situation. Intellectual leadership becomes the basis of strategic foresight. Understanding the horizon of opportunities for an industrial enterprise reflects the trends in the evolutionary development of industry markets and their respective competencies. The formation of key competencies contributes to the elimination of marketing myopia. In this regard, the authors identified changes in the main trends in consumer demand. The research aims to build a client-centric business model in the B2B market. The empirical basis of this research is the statistical data “Indicators of innovative activity: 2022” and the works of S. Yu. Glazyev, N. Nonaka, H. Takeuchi, K. Freeman, and F. Jansen. Based on the method of logical-structural analysis, the authors reveal the essence of the content of the category “innovative development of industry,” give a rationale for the main directions of innovative transformations of the industry based on the implementation of a competency-based approach in management, and determine the patterns of innovative development of industry in the context of building technological sovereignty. The practical significance of this research lies in the fact that strategic business thinking will create a condition for the formation of new functionality (a new product concept), which requires the development of new key competencies and the implementation of a strategy for advanced development.

A broad implementation of information and communication technologies (ICT) in the world economy is an important sustainable development factor. This process allows enterprises and organizations to quickly and efficiently solve economic and social problems at all levels. The impact of ICT on accounting and finance systems has undergone significant changes in recent decades. In line with this, the progress in using ICT in statistical accounting has also contributed to developing a fast and reliable accounting system in Uzbekistan. The integration of digital technologies (e.g., the 1C program) into the accounting system radically changes the methods of financial information management, accounting, and analysis, providing effective opportunities. Nevertheless, the study concluded that effective widespread adoption of ICT in accounting should be accompanied by comprehensive professional development and training. Moreover, international standards and recommendations on using digital technologies aim to study ready-made solutions of the world's leading software development organizations in this direction. To regularly improve the capacity and qualifications of employees using these systems and study the experiences of foreign countries in this field, organizations and enterprises should prioritize investing in these activities.

This chapter explores current issues related to the professional training and activities of independent experts conducting anti-corruption expertise of regulatory legal acts and their projects. The main problem in this area is the lack of unified approaches to determining the level of competence and assessing the special professional knowledge, skills, and abilities of individuals involved in preparing conclusions based on the results of anti-corruption expertise of normative legal documents. Moreover, the stated problem remains practically relevant because certain difficulties arise not only in developing specific, empirically verified, and scientifically justified criteria for selecting independent experts and determining their activity but also in implementing the procedure for assessing the quality of conducted expertise at the federal and regional levels of governance. Over time, with the further development of the institution of anti-corruption expertise of regulatory legal acts, the demand for highly qualified independent experts will only increase. To effectively meet the growing demand for specialists of this level, it is necessary to establish a special system for their competency-oriented training and evaluation of the results of their activities. Solving this task will require making certain changes to general and special legal norms of the existing legislation, as well as further improving the practice of their application.

The research considers the issues of organizing strategic management accounting, sales planning, budgeting, and the conditions for introducing the methodology of the stabilized system. The author determines the essence and problems of the most essential indicators and provides relevant solutions. Moreover, in reliance upon the industry features, the author worked out the proposals for selecting the most necessary indicators and developing a strategic development map for the enterprises of the ferrous metallurgy industry. Thus, the research analyzes four methods of the balanced scorecard system. Based on the system of the most basic calculation indicators, the quantitative indicators are related to the qualitative data of the current situation. The measures are based on meeting the needs of the “Financial economic activity” aspect, the interaction of the enterprise with the customer, consumer counterparties, and main, auxiliary, and general production and management units, and increasing investment in knowledge and skills and training competitive staff. Moreover, the author developed proposals for implementing strategic management accounting regarding financial, customer, employee, and process system in black metallurgical industry enterprises. Additionally, the research presents an analysis based on the strategic plan, purpose, and mission of the management accounting organization. The efficiency of innovation-based development in currently operating enterprises is evaluated by the qualifications of employees and the quality of research activities.

The research examines the analysis of production costs and profitability indicators in economic entities. The primary objectives of scrutinizing production expenses and analyzing costs per one sum (UZS) by analyzing the profitability indicators of the joint-stock company (JSC) were studied. Production costs are vital for companies engaged in manufacturing and production sectors, where cost efficiency is paramount. The study reviews and refines existing methods of assessing profitability ratios, particularly emphasizing their relationship with production costs. The analysis of production costs makes it possible to utilize internal opportunities and develop practical proposals to improve the efficiency of economic activity. Therefore, this research presents the factors influencing the change in product production costs at “Galla-Alteg” JSC and provides practical recommendations for determining and increasing internal capabilities. By improving the accuracy and relevance of profitability analysis in the production domain, it contributes to the financial stability and long-term success of JSCs engaged in production activities.

This chapter aims to study international experience and prospects for improving accounting practices to enhance the competitiveness of enterprises. The research is based on a sample from 202 countries for 2019–2022, relying on World Bank statistics. The authors ranked the factors related to accounting practices in terms of their significance in ensuring the global competitiveness of enterprises. The most significant factors are the detalization of accounting, communication with tax inspectors, and accounting digitalization of accounting. The least significant and contradictory factor was the inclusivity of top management. The theoretical significance lies in the fact that its results revealed previously unknown influences of accounting practices (managerial factors) on the competitiveness of enterprises. The scientific novelty of the obtained results lies in the rethinking of the process of managing the global competitiveness of enterprises in the accounting system through the prism of Sustainable Development Goals (SDGs), substantiating that this management most actively supports the implementation of SDG 16 and SDG 17, generally supports SDG 9, and slightly contributes to SDG 5. The practical significance is associated with the perspective of enhancing the competitiveness of enterprises through the improvement of accounting practices (using Uzbekistan as an example). It demonstrates that even with low activity and small market capitalization of domestic enterprises on the stock market, improving accounting practices can significantly increase this activity and capitalization. The author's recommendations will help improve accounting practices and ensure the growth of the global competitiveness of enterprises in Uzbekistan in the medium term until 2026.

This chapter aims to determine the prospects for improving the investment climate and developing public–private partnerships (PPPs) based on improving accounting practices. The research was conducted using the regression analysis method, relying on IMD statistics for 2022, relevant as of the first half of 2023. The authors determined the impact of the identified perspectives on improving accounting practices on developing the designated key segments of investment markets directly related to financing economic development. The main conclusion drawn from the results of this research is that the potential for improving the investment climate and developing PPPs in the economy is more fully realized with the refinement of accounting practices. The theoretical significance of this research lies in the discovery of a previously unknown opportunity to align the interests of stakeholders in investment markets linked to the improvement of accounting practices. The scientific novelty of this research lies in reinterpreting trends in investment markets from the perspective of Stakeholder Theory and proposing a new path for their balance through the refinement of accounting practices. The practical significance of this research is determined by the fact that the established cause-and-effect relationships of the development of investment markets and the author's forecast for improving the investment climate and developing PPPs based on the refinement of accounting practices can serve as the basis for developing a roadmap for the development of investment markets in the coming years.