Problems and recommendations for the operation of tolling raw materials
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 6, Issue
Abstract
Effective business activity depends on resource provision, which is why the use of raw material transactions became popular on the new year's day, which contributed to the reduction of production costs, as well as the transformation of low liquid into more liquid finished products. The article analyzes the main problems associated with the operations of raw materials. The information on the regulation of operations with raw materials in accounting is covered. The order of reflection of accounting transactions on accounting of transactions with raw materials from the customer and the contractor is reflected. The authors consider the tolling scheme of raw materials processing. It is determined that the peculiarity of operations with raw materials is that the transferring party retains ownership of the raw material or materials transferred to the processing, and the finished products obtained as a result of processing, and the processor only provides processing services. The main stages of operations with raw materials are considered. Proposed by the introduction of a special statement of account for the movement of raw material and manufactured of a finished product, but also offer the customer to implement the working capital statement taking into account the number of raw materials in special form. Developed overall audit plan of operations with tolling raw materials, which will dobrogicus all kinds of work. For the evaluation of transactions with tolling raw materials proposed to use a test of internal control that will provide answers to the right questions. Recommendations on the implementation of operations with raw materials are provided. The introduction of the proposed special documents of accounting for the movement of raw materials will ensure the improvement of the accounting system of operations with raw materials from the customer and the processor. The proposed audit plan will allow the auditor to investigate the correctness, legality and timeliness of accounting for transactions with raw materials.
Authors and Affiliations
Alla Alidzhanivna Balan, Inna Viacheslavivna Мostova
Keywords
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