Економіка, управління та адміністрування (Dec 2022)
The essence of production stocks, accounting problems and directions for its improvement at the enterprise
Abstract
Production stocks are the subject of labor, which, together with the means of labor, provide the production process of the enterprise where they are used. This topic is relevant, because in the conditions of a market economy, production stocks are an important element of the activity of any enterprise, therefore, their appropriate use in production becomes important. The article substantiates the theoretical and methodological aspects of accounting for production stocks at enterprises, examines their economic essence and the main regulatory documents regulating the order of their display in accounting. The methodical principles of recognition and assessment of disposal of production stocks in accounting are determined. The importance of effective use of materials in production and proposed actions contributing to the improvement and increase in the efficiency of accounting for production stocks are outlined. The problems that arise with the existing procedure for keeping records of production stocks at the enterprise, which are related to ensuring the efficiency of the enterprise’s financial and economic activities, are identified. Such problems as: inappropriate use of inventory write-off methods; insufficient automation of the primary accounting of production stocks, the problem of determining the valuation of stocks on the balance sheet date. The following actions were proposed to solve these and other problems in order to improve the quality of accounting at the enterprise: the creation of a nationwide database regarding average market prices for various types of assets; the conditions for conducting an expedient inventory write-off technique for determining a reliable estimate of production stocks are determined; carrying out an internal inspection at the enterprise with the involvement of qualified specialists; the use of automation of calculations for planning, accounting and analysis of the use of material resources. Also, improvements were proposed regarding inventory accounting, which will increase their efficiency and effectiveness of their use at the enterprise.
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