Economic satisfaction of manufacturing stocks in the economy of Ukraine at the modern stage
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 6, Issue
Abstract
The article is devoted to the study of the main theoretical aspects of the economic essence of industrial stocks from the point of view of different researchers. A comparative analysis of national accounting Regulations (standards) 9 "Stocks" and International financial reporting standards 2 "Stocks" is made. The principles of accounting of industrial stocks are investigated, some shortcomings in the organization of accounting of industrial stocks are considered, and also ways of their improvement are offered. Inventories of industrial enterprises make a significant share in balance assets, therefore, from their correct assessment and accounting, the indicators of the financial state, on the basis of which management decisions are made, depend on them. Issues relating to inventory accounting in Ukraine and abroad are at the center of attention of many scholars and researchers. Today, the reform of the company requires a significant reform of the structure of management of economic activities. At the same time, the definition of the minimum size of industrial stocks at enterprises is of great importance, since material costs in these enterprises occupy the largest share. The purpose of the work is to find ways to improve the accounting and organization of in-house economic analysis of inventory for their rational use and increase the efficiency of production. Methods of research in the course of the research, methods of structural-logical analysis, comparison and generalization of individual elements of the Stock according to national accounting Regulations (standards) 9 "Stocks" and International financial reporting standards 2 "Stocks" were used. Effective inventory management allows accelerating the turnover of capital and increasing its profitability, reducing its current storage costs, freeing part of its capital from the current economic turnover, reinvesting it into other assets. To solve the administrative tasks of the analysis of the efficiency of the use of material resources, develop appropriate algorithms. In the industry in which the investigated enterprise operates, the saving of raw materials and materials is important because of the high material content of the products.
Authors and Affiliations
Mykhailo Anatoliiovych Shum, Anastasiia Pavlivna Omelchenko
Keywords
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