Open AccessFeatures of the reflection of inventories in the financial statements
Author(s) -
NATALIIA MOSKALENKO,
E. S. Vasyukova,
D. O. Chestnykh
Publication year - 2020
Publication title -
putevoditelʹ predprinimatelâ
Language(s) - English
Resource type - Journals
eISSN - 2687-136X
pISSN - 2073-9885
DOI - 10.24182/2073-9885-2020-13-4-193-201
Subject(s) - reflection (computer programming) , business , irrational number , accounting , finance , computer science , mathematics , geometry , programming language
The article reveals the concept of inventories and their role for the progressive development of an enterprise. It was revealed that incorrect and inaccurate reflection of inventories in the organization’s accounting leads to a deterioration in the financial condition of the enterprise, and irrational use — to financial losses. The key features of the reflection of inventories in the financial statements, as well as the features of the reflection of the results of their inventory are revealed. It is concluded that effective financial management at the enterprise is based on the correct reflection of inventories in the financial statements.