ANALYSIS OF CONSOLIDATED FINANCIAL STATEMENTS

Yakubov Ulugbek

Candidate of Economic Sciences, Associate Professor, Tashkent institute of Finance, Tashkent, Uzbekistan. Email address: ulugbekkasimovich@yandex.com  ORCID: 0000000260631758

Abduganieva Khumora

Master’s student of State and International finance at Tashkent institute of Finance.  Email address: khumorahon@gmail.com  ORCID: 0000000179208768

Abstract. Within the framework of the seven priorities set out in the PF-60 of the President of the Republic of Uzbekistan “Development Strategy for the New Uzbekistan for 2022-2026” dated January 28, 2022 “Accelerated development of the national economy and high growth rates” pragmatic and active foreign policy “. In particular, to further improve the investment climate in the country and increase its attractiveness, take measures to attract $120 billion over the next five years, including $70 billion of foreign investment; Membership in the World Trade Organization and deepening of integration processes with the Eurasian Economic Union; Attention is paid to improving the legal framework for foreign policy and foreign economic activity, as well as the legal framework for international cooperation.

Statistics show that in the period from 2019 to 2035, investments in the amount of 993-1213 billion dollars will be invested through relevant sources. From scientific research, it should be noted that today there is a wide range of joint activities and the practice of preparing consolidated financial statements has been introduced. However, the absence of a method for analyzing the results of joint work does not allow evaluating the effectiveness of work in this area. Therefore, based on the peculiarities of the preparation of consolidated financial statements, the assessment of joint activities today is an important task.

According to the State Statistics Committee, as of September 1, 2022, the number of enterprises with foreign capital is increasing in the country. In particular, Russia has 529, Turkey has 225, China has 163, Kazakhstan has 135, Korea has 59, etc. In the context of economic liberalization, it is necessary to evaluate the activities of these economic entities and improve their results. There are certain peculiarities in evaluating the results of joint activities, which are explained by the consolidated financial statements prepared by joint ventures. For this reason, when analyzing, it is necessary to have information about consolidation methods, to study the balance sheet indicators of an economic entity and the shares and status of quality units in the group determined on their basis according to financial statements.

Keywords. consolidation; investment; goodwill; control; share; the main organization; subsidiary organization; significant effect; a dependent company; joint venture; joint activity.

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