STOCKS: FEATURES OF ACCOUNTING AND CONTROL

Abstract.

Stocks are the foundation of the material basis of business entities. Efficient management of their level in modern conditions is possible providing the organization of the optimal information system on the basis of accounting and control principles in order to meet the information needs of users. Investigation of the information requests of the management system makes it possible to distinguish the directions of the tasks improvement related to the systems of stocks accounting and control. In particular, it is advisable to reorient the above systems to management needs in order to achieve the optimum level of stocks efficiency. It is determined that the nomenclature composition of stocks is directly proportional to the branch peculiarities of enterprises. In this regard, the necessity of conducting three accounts (sub-accounts) has been proved, which will enable to separate information about stocks in warehouses, transferred to consumption and directly about finished products. Regardless of whether an enterprise is engaged in production or in reselling products, it is expedient to organize an accurate accounting system using modern methods of accounting processes automation. This will allow to ensure the correct preservation of stocks in a given form, quality and quantity. During stock control, enterprises can use one of two types of systems to maintain accurate inventories – a permanent or traditional, so-called periodic system. Using a permanent inventory is costly for its kind. The introduction of a modified type of permanent inventory will provide detailed inventory records on the availability and movement of stocks in natural indicators, which will provide an opportunity to obtain information about the level of stock at any time outside the accounting system

Keywords: stocks, control, evaluation, accounting, goods, permanent inventory, constant inventory

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