ECONOMIC CONTENT OF THE CATEGORY "PRODUCTION INVENTORIES" IN THE CONTEXT OF ORGANIZATION OF ACCOUNTING AND CONTROL IN AN INDUSTRIAL ENTERPRISE ENTERPRISES

Abstract

The article examines the economic category of "inventories" through the prism of the system of organization of accounting and control of industrial enterprise management. It is proved that a comprehensive approach to the interpretation of the concept of inventories is a necessary condition for the rational organization of accounting and control of production activities. The views of various scientists on the definition of the economic category "inventories" have been highlighted and on the basis of the study the author's definition of this concept has been proposed. It has been substantiated that the study of inventories in terms of means of production makes it possible to build an effective system of accounting and control of existing assets in the enterprise. The necessity of improving the formation of information on the movement of inventories and their reflection in financial accounting is proved. As a result of the study, the approach to the formation of accounting policies of industrial enterprises in terms of inventories by expanding its structural elements to ensure the complexity of the accounting process, which leads to a qualitatively higher level of accounting procedures given the formation of financial results. Proposals are given to determine the sequence of stages of internal control in the process of checking operations on the use of inventories in order to provide the management of the enterprise with operational information for management decisions. The solution of a set of controversial issues regarding the accounting and information provision of stocks is relevant for Ukrainian enterprises today and requires further research in order to form a more effective accounting and management model.