Marina Khalilova

This study investigates the transformative potential of blockchain technology in financial accounting by examining its applications, challenges, and implications. The study begins with a review of blockchain’s origins and its ability to address inefficiencies, fraud risks, and transparency limitations in traditional accounting. A mixed-methods approach was employed, combining qualitative thematic analysis and quantitative statistical techniques. The qualitative analysis involved thematic coding of data from case studies and organizational reports, while the quantitative analysis assessed financial data using descriptive and inferential statistical methods. Eight organizations from diverse industries—including banking, retail, and technology—were purposively sampled to capture varied experiences and applications of blockchain technology. Key findings reveal blockchain’s ability to enhance transparency, efficiency, and security in financial transactions, offering significant advantages for financial reporting and auditing. However, challenges such as regulatory uncertainties, scalability concerns, and technical complexities remain barriers to its widespread adoption. This research provides actionable recommendations to overcome these challenges and maximize blockchain’s benefits in financial accounting. By integrating theoretical insights with empirical evidence, this study contributes to advancing the understanding of blockchain’s role in transforming financial practices, offering practical guidance for academia and industry practitioners alike.

The introduction of digital technologies in all sectors of the country's activities has led to the digitalization of the educational process, the COVID-19 pandemic has served as a catalyst. The implementation of the process of digitalization of education is carried out through the State policy in the field of digitalization and the concept of the Ministry of education and science of the Kyrgyz Republic. This article reveals the essence of the process of digitalization of educational activities. The authors considered the features of implementation, positive and negative aspects of digital technologies in education. The authors also describe the world experience of leading universities in the digitalization of the educational process.

The reform in the field of education has led to the emergence of the problem of the quality of the knowledge and competencies of students. The solution of this issue is carried out at the level of state control by the Ministry of Science and Education of the Kyrgyz Republic through the accreditation of educational institutions. This article deals with the formation and development of the accreditation process in the educational sphere of Kyrgyzstan. The authors considered the stages of the process of the accreditation of educational institutions and evaluated the activities of accreditation agencies. The authors also described the world experience in accreditation and analyzed the world ranking of universities according the accreditation.

Экономический рост в современной мировой экономике характеризуется возрастающим значением промышленных факторов производства, что достигается в развитых странах путем осуществления неоиндустриализации и в развивающихся странах реиндустриализации. В Кыргызской Республике проблема реиндустриализации остро стоит ввиду произошедшей в годы независимости деиндустриализации. В статье проанализированы стартовые возможности реиндустриализации и предложены пути ее осуществления в условиях Кыргызской Республики.

Renewable energy technologies play a crucial role in solving global energy and environmental issues, and the pace of the energy transition directly depends on improving their efficiency. Presently, the development and implementation of renewable energy systems are ensured mainly through state funding, the possibilities of which are limited. The potential of attracting private investments depends directly on their impact on companies’ profitability indicators, and the uncertainty regarding the return on investments is one of the main barriers affecting investors’ decision-making. Based on a vector autoregressive model for analysing the stationary time series, the paper explores the impact of long-term investments and research and development costs in renewable energy technologies on the financial performance of ten of the largest companies operating in this field. The study’s results showed that investments and spending on research and development positively affect such companies’ profitability indicators as earnings before interest, taxes, depreciation and amortisation, earnings before interest and tax, net income, and return on investment. The obtained results can be used to substantiate the economic effectiveness of investments in developing and improving renewable energy technologies when forming the companies’ financial policies to support them.