Ўзбекистон республикаси олий ва ўрта махсус таълим вазирлиги тошкент молия институти магистратура бўлими тожибоевa зaрифa хaсaнбой қизи

Subjects of research: Joint-Stock Company, Limited Liability Companies.
Purpose of work: drawing up financial statements based on international standards of financial reporting, developing scientific proposals and practical recommendations for improving the process of transformation from national to international standard.
Methods of research: scientific abstraction, induction and deduction, comparative analysis, structural analysis.
Practical value: the scientific proposal and practical recommendations developed as a result of the study can be used to draw up financial statements in the international standard and develop improvement measures in transformational processes
Degree of embed and economic efficiency: the scientific proposal and practical recommendations developed as a result of the study can be used to draw up financial statements of the international standard and develop improvement measures in transformation processes.
Field of application: economic entities, commercial banks and insurance organizations, higher educational institutions.

ЎЗБЕКИСТОН РЕСПУБЛИКАСИ ОЛИЙ ВА ЎРТА МАХСУС ТАЪЛИМ ВАЗИРЛИГИ ТОШКЕНТ МОЛИЯ ИНСТИТУТИ

“ИЖТИМОИЙ-ИҚТИСОДИЙ БАРҚАРОРЛИКНИ ТАЪМИНЛАШДА ИННОВАЦИОН МЕНЕЖМЕНТ: МУАММО ВА ЕЧИМЛАР”
“ИННОВАЦИОННЫЙ МЕНЕДЖМЕНТ В ОБЕСПЕЧЕНИИ СОЦИАЛЬНО-ЭКОНОМИЧЕСКОЙ СТАБИЛЬНОСТИ: ПРОБЛЕМЫ И РЕШЕНИЯ”
“INNOVATION MANAGEMENT IN MAINTAINING SOCIO-ECONOMIC STABILITY: PROBLEMS AND SOLUTIONS ”
МАВЗУСИДА ХАЛҚАРО ИЛМИЙ-АМАЛИЙ АНЖУМАН МАТЕРИАЛЛАРИ ТЎПЛАМИ
11 НОЯБРЬ 2022 ЙИЛ

ТОШКЕНТ
“IQTISOD-MOLIYA”

2022
MANAGEMENT OF NONGOVERNMENTAL, NONPROFIT ORGANIZATIONS
Prof. Allayarov Sh TMI Menejment kafedra mudiri
Tojiboyeva Z. X. TMI Magistratura bo’limi Buxgalteriya hisobi yo’nalishi 2-bosqich magistranti
The intention behind the creation of the NGO‘s was that in places where the government was either doing a bad job of service delivery or the government could not reach for whatever reason, the NGO‘s could step in and act as the medium between the official sector or the governmental sector and the people. Hence, the term Non-Governmental Organizations was coined to describe these entities. Further, the fact that the increasing complexity and the multiplicity of problems that confronted the world meant that there was need for a quasi- official entity to step in and help both the government and the society.
The rise of the NGO‘s coincided with the awareness among governmental and multilateral bodies like the United Nations that the problems of the 21^st century were too complex and too diverse for the government to handle them alone. Hence, there was a need for an intermediary, which would be focused on a specific aspect of the gamut of issues and hence would be able to concentrate its energies solely on the issue rather than being general like the government. The point here is that the NGO‘s comprise of experts in particular fields and hence, they can devote their expertise and energies to solve the intractable problems, which the government cannot because of the red tape as well as the fact that many government officials are administrators first, and experts next. This was the reason for the NGO‘s attaining a prominent place in the pantheon of agencies that were tasked with solving the problems of the world.
Further, the NGO sector is useful to act as a watchdog to oversee the governmental programs and assess how much the government is effective in addressing them. Moreover, the NGO‘s can also be focus groups who do not venture into on the groundwork but are advisory in nature. These are the public think tanks and advisory councils that routinely come up with policy suggestions and whitepapers that are used by the government and other agencies as inputs to their policymaking apparatus. Apart from this, the NGO‘s can also check the leakage that is inherent in governmental programs because of bribery and corruption and hence can be the conscience of the people who would report any irregularities in the delivery of public services.
Finally, the NGO sector also comprises of volunteers who are committed and dedicated and can to the rescue of victims of natural disasters like Earthquakes and Tsunamis where the governmental and other agencies are overwhelmed and understaffed to deal with the situation adequately. These are some of the ways in which the NGO sector acts as the bridge between the government and the people. In subsequent articles, we would explore the many facets and details of the NGO phenomenon in detail and would analyze the positive as well as the negative aspects of the rise of the NGO‘s. Ways of management of nonprofit organizations.
By definition, the nonprofit sector operates in the humanitarian goals and objectives space. This means that many nonprofits are loosely structured and are often volunteer driven without formal hierarchies and patterns of management. However, this does not mean that nonprofits need not have formal boards, management structures, and financial control. The point here is that though nonprofits are made up of committed individuals working for a cause, there is still a need for a corporate type structure and management. This is especially the case with those nonprofits that receive large amounts of money and handle multiple projects across the breadth of the country. Further, the fact that the government monitors the performance of the nonprofits means that there needs to be accountability and financial due diligence done periodically. Hence, there is a need for proper management and structure of the nonprofits and means of control and process driven internal environment as well. Need for Management Structures.
The first and foremost requirement for a nonprofit is to have a board of directors who provide the high level monitoring and control. The board members can be drawn from all walks of life and must have enough experience in the social sector. Further, the members of the nonprofits should be on the board as executive members. Apart from this, the nonprofits must have internal financial controls through auditing and monitoring of the inflows and outflows of funds. This is needed both from an internal Processual perspective as well as to satisfy the requirements from the government regarding compliance with all regulatory requirements. For instance, in India, the government monitors the inflow of foreign funds into the nonprofits and hence, appropriate permissions must be taken according to the laws for nonprofits to receive money from abroad. Accountability and Regulatory Requirements.
The third aspect as far as the management of nonprofits is concerned relates to the need for them to have people who can be held accountable for the actions of the nonprofits. This means that there needs to be a chain of command in case owning up to the decisions taken up the nonprofits are concerned. This is especially the case with nonprofits that are engaged in providing relief and service to the underprivileged, as the chances of wrong decisions boomeranging on them are high and where the implications include human life and health. The government is an important part of this, as the bureaucrats need structured responses from the nonprofits and clear patterns of organizational accountability. Final Thoughts
Finally, the nonprofits need to have management structures that can be advertised to the external world as the single point of contact between the nonprofits and society lends itself to easy access to the nonprofits and helps in recruiting more volunteers for the cause. In conclusion, while it is certainly not the case that nonprofits must be corporatized in their means of functioning, there are good reasons as discussed in this article for the nonprofits to follow due diligence and proper management principles.