Methodological aspects of stock accounting organization improvement at the commercial enterprise
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 9, Issue
Abstract
Current scientific view tends to place an increasing emphasis on the study of stock accounting organization at commercial enterprises. The topicality of this subject is stipulated by a vital role of stocks in contemporary economics: commodity stocks are indispensable for uninterrupted supply of material assets to consumers. Efficient stocks and inventory management enables to reach higher precision in financial settlements, to minimize the risk of shortage of goods and ensure continuity of inventory turnover process. Recording and confirmation of accomplished operations concerning supply and sales of commodity stocks is within the scope of accounting therefore it is vital to organize properly the work in this sphere. Analytical and accounting support of stock accounting segment forms a platform for making effective relevant decisions with regard to assets system management of the commercial enterprise. The objective of the paper is the study of methodological and organizational aspects of stock accounting in contemporary business environment. The work contains propositions for the form of Report of revaluation of goods that takes into consideration the change in the stock value and trade margin. The paper proposes an elaborate Fragment of document flow chart and a flow operogramme for Report of revaluation of goods. With the purpose of defining the impact of each revaluation upon the book value of material assets, the work comprises suggestions for use of analytical accounts for account 281 ‘Goods in storage’. The study incorporates improvements to turnover balance sheet according to account 281 in terms of analytical accounts which enable to determine the sum total of inventory revaluation conducted in the accounting period. The issues of stock valuation and revaluation, accounting of transportation and procurement costs and choice of base for their allocation are resolved by the company management by means of defining the elements of inventory in the accounting policy: cost of receipt of goods, valuation on balance sheet date and upon disposal.
Authors and Affiliations
Tetiana Viktorivna Hilorme, Anastasiia Dmytrivna Ostroumova
Keywords
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