Forming The Principle of Social Accounting in The Accounting Policy of Microfinance Organizations
Abstract
This article explores the necessity and practical approaches to implementing the “social accounting principle” in the accounting policy of microfinance institutions. Systematic methods for recording social indicators, such as the share of women, rural clients, and low-income borrowers, are developed. Based on the analysis of IMKON FINANS, Vodiy Taraqqiyot, and Biznes Finans, recommendations for integrating these indicators into accounting policies are proposed.
References
Yunus, M. Bank for the Poor / Muhammad Yunus. – Moscow: Mann, Ivanov and Ferber, 2007. – 320 p.
Rhyne, E. Mainstreaming Microfinance: How Lending to the Poor Began, Grew, and Came of Age in the U.S. / E. Rhyne. – Bloomfield: Kumarian Press, 2001. – 256 p.
IFRS Foundation. International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs). – London: IFRS Foundation, 2022. – 412 p.
Pikuzon, N.G. Accounting of Pawnshop Transactions: Dissertation ... Candidate of Economic Sciences. – Moscow: Financial University, 2021. – 183 p.
Regulation of Risk Activities of Microfinance Organizations in Developing Countries: Monograph / Ed. by T.N. Sokolova. – Moscow: Ekonomika, 2020. – 198 p.
“IMKON FINANS” LLC Microfinance Organization Annual Report (2022). – Andijan: Organization Information Department, 2023. – 37 p.
“Vodiy Taraqqiyot” LLC Microfinance Organization Business Plan (2023). – Fergana: Organization Finance Department, 2023. – 42 p.
“Biznes Finans” LLC Microfinance Organization Financial Indicators (2021–2023). – Tashkent: Organization Report Archive, 2024. – 45 p.
Ministry of Finance of the Republic of Uzbekistan. Law on Accounting (new edition) // Legal Documents Database. – Tashkent: Ministry of Justice Publishing House, 2022.
Copyright (c) 2025 Iskandar Abduraxmonovich Gafurov
This work is licensed under a Creative Commons Attribution 4.0 International License.
In submitting the manuscript to the Central Asian Journal of Innovations on Tourism Management and Finance, the authors certify that:
- They are authorized by their co-authors to enter into these arrangements.
- The work described has not been formally published before, except in the form of an abstract or as part of a published lecture, review, thesis, or overlay journal.
- That it is not under consideration for publication elsewhere,
- The publication has been approved by the author(s) and by responsible authorities – tacitly or explicitly – of the institutes where the work has been carried out.
- They secure the right to reproduce any material that has already been published or copyrighted elsewhere.
- They agree to the following license and copyright agreement.
License and Copyright Agreement
Authors who publish with Central Asian Journal of Innovations on Tourism Management and Finance agree to the following terms:
- Authors retain copyright and grant the Central Asian Journal of Innovations on Tourism Management and Finance right of first publication with the work simultaneously licensed under Creative Commons Attribution License (CC BY 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the Central Asian Journal of Innovations on Tourism Management and Finance published version of the work (e.g., post it to an institutional repository or edit it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
