Ministry of Higher and Secondary Special Education of the Republic of Uzbekistan Tashkent State University of Economics

Solvency management discusses the regulatory aspects of liquidity and solvency, as well as ways to improve the financial condition of the enterprise.

Improve the financial condition
Run a sales campaign
If your ratio isn’t where you want it, conduct a sales campaign to try boosting your sales. Even a temporary boost can help offset debt and make your ratio more appealing to investors. If you’re looking for investors, you might push for sales ahead of time to show what your company is capable of improving solvency.
Issue stock
If yours is a traded company, you may issue new shares to boost your cash flow. Businesses can use this money for short-term obligations and debt. And it can help boost your solvency and get you out of any immediate high-risk debt. This can help you focus on long-term obligations as well, as you’ll have freed up income with that debt out of the way. If you decide to go this route, make sure you don’t issue too many stocks and devalue them. There’s a delicate balance to maintain, so speak with a financial advisor before taking action.
Avoid new debt
Avoid taking on any new debt while you try to improve your solvency ratio. Instead, apply for grants, forgivable loans, and other forms of financial relief that won’t require interest or debt.
Reevaluate operating expenses
Go over your current operating expenses and see where you can cut back. You may be using certain vendors who are outside of your budget, for example. Reevaluating operating expenses can improve your debt-to-income ratio and increase your operating income.
Look for bulk discounts
If you’ve been with your vendors for a while, try reaching out to them for bulk discounts. In some cases, vendors may prefer to keep their current customers by offering bulk discounts. Just like reevaluating expenses, bulk discounts can help increase your operating income.
Increase owner equity
Depending on your finances, you may consider buying into your company more and increasing your owner’s equity. This can help offset debt obligations, sway the ratio in your favor, and make your company more solvent.
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The following regulatory documents regulate the licvidety and solvency of private enterprises:

1. 
   Law of the Republic of Uzbekistan "On Accounting", adopted on August 30, 1996 and registered with the Ministry of Finance No. 280-I.³
   
2. 
   Law of the Republic of Uzbekistan "On Auditing", adopted on May 26, 2000 and registered by the Ministry of Finance No. 78-II.
   
3. 
   The Tax Code of the Republic of Uzbekistan was approved in accordance with the Law of the Republic of Uzbekistan No. 396-I of April 2, 1997 and approved by the Oliy Majlis of the Republic of Uzbekistan on April 24, 1997. Entered into force on January 1, 1998 in accordance with Resolution No. 397-I.
   
4. 
   Order of the Ministry of Finance of the Republic of Uzbekistan dated December 27, 2002 No. 140 "On financial reporting forms and rules for their completion". Registered with the Ministry of Justice on January 24, 2003, No. 1209.⁴
   
5. 
   National Accounting Template of the Republic of Uzbekistan No. 19 "Organization and conduct of inventory". Approved by the Ministry of Finance of the Republic of Uzbekistan No. 2075 on October 19, 1999 and registered by the Ministry of Justice No. 833 on November 2, 1999.
   
6. 
   National Accounting Template No. 21 of the Republic of Uzbekistan "Plan of accounting of financial and economic activities of business entities and instructions for its application." Adopted by the Ministry of Finance of the Republic of Uzbekistan on September 9, 2002 and registered in the Ministry of Justice on October 23, 2002 under No. 1181.
   
7. 
   Regulations on the structure of costs of production and sale of goods (works, services) and the order of formation of financial results. Approved by the Resolution of the Cabinet of Ministers No. 54 of February 5, 1999. -
   
8. 
   Registered by the Ministry of Justice of the Republic of Uzbekistan on January 24, 2000 N 879, approved by the Ministry of Finance of the Republic of Uzbekistan on November 23, 1999 N 87 "Accounting for small businesses" National Standard on Simplified Accounting and Reporting
   
9. 
   Approved by the Resolution of the Ministry of Finance, State Tax Committee, Ministry of Labor and Social Protection of the Republic of Uzbekistan dated March 10, 2004 No. 37, 2004-26, 20/1. Registered with the Ministry of Justice of the Republic of Uzbekistan on April 6, 2004, No. 1334.⁵
   
10. 
    Regulations on the procedure for recording lease transactions in accounting. Approved by the Order of the Minister of Finance of the Republic of Uzbekistan No. 54 of May 11, 2009 and registered in the Ministry of Justice of the Republic of Uzbekistan on June 1, 2009 No. 1961.
    
11. 
    Regulations on the structure of costs of production and sale of goods (works, services) and the order of formation of financial results. Approved by the Resolution of the Cabinet of Ministers No. 54 of February 5, 1999⁶
    

We believe that it would be appropriate to classify the above-mentioned normative documents based on their location in the normative legal acts.
The main legal document of the first level is the Law of the Republic of Uzbekistan dated August 30, 1996 No. 279-1 "On Accounting". This Law defines the goals and objectives of accounting, subjects and objects, principles of accounting and reporting, organization and main directions, as well as the structure, presentation and publication of financial statements. In accordance with Article 16 of the Law of the Republic of Uzbekistan "On Accounting", small and private businesses can maintain a simplified form of accounting. Also, the Civil Code of the Republic of Uzbekistan of August 26, 1996, the Tax Code of the Republic of Uzbekistan, the Law of the Republic of Uzbekistan of April 26, 1996 "On Joint Stock Companies and Protection of Shareholders' Rights", Law of the Republic of Uzbekistan of May 25, 2000 "On guarantees of freedom of entrepreneurial activity" and others.

3.