Improving the methodological aspects of accounting, analysis and control of inventories of enterprises

• Main Authors: Ya.О. Izmaylov, S.V. Svirko
• Format: Article
• Language: English
• Published: Zhytomyr Polytechnic State University 2021-03-01
• Series: Економіка, управління та адміністрування
• Subjects: accounting; analysis; control; stocks; efficiency; automated information systems
• Online Access: http://ema.ztu.edu.ua/article/view/229063

The paper substantiates that stocks are the foundation of activity and development of enterprises of any type of economic activity. It is proved that properly regulated terminology and regulatory framework, proper organization and quality methodological support of accounting, analysis and control of inventories will ensure reliable accounting and write-off of these objects for the production of finished products (services), effective management of current assets and allow identify reserves to increase the return on inventories. The methodical approach to accounting use of stocks for the specified purposes of the enterprise through operational and investment activity, and the algorithm of display of economic operations in the automated information system of accounts of accounting of movement of stocks of the enterprise is offered. Stocks are received and actually used for business activities of the enterprise. The methodological aspects of inventory analysis have been improved, which allows to reflect and control the intended use and movement of inventories more transparently and reliably, to assess the effectiveness of their use in enterprises. The developed recommendations for improving the inventory control procedure will contribute to their reliable and complete reflection in the accounting and effective control over the receipt, movement and write-off of production, which will reduce costs and increase transparency and efficiency of inventory transactions.