ORGANIZATION OF ACCOUNTING, CONTROL AND ANALYSIS OF PRODUCTION SUPPLY

Abstract

The article provides a theoretical substantiation of methodological approaches to organisation of accounting, control and analysis of production stocks. The regulatory framework is evaluated and the main stages of its functioning are outlined. The main components of the accounting policy elements of production inventories have been identified. The algorithm for forming an effective organisation of production inventory accounting is outlined and tested. Based on the reliable financial statements of PJSC "Dnipro Mineral Fertilizer Plant", the presented methodology for organising accounting, control and analysis of production inventories has been tested. The basic principles of documenting operations of production stocks are studied and peculiarities in terms of inventory recording at a chemical enterprise are identified. A scheme of document flow of inventory movement has been developed. In the course of the study, a comparative analysis of judgements on determining the value of production stocks according to the national and international methods of their reflection was carried out. The main differences in the methods of valuation of inventories for their disposal are identified and characterised. It has been concluded that the valuation of inventories by the FIFO method in martial law is inappropriate. The paper assesses the accounting treatment of production inventories. The organisation of synthetic inventory accounting is described and a journal of business transactions on inventory movements for the month of the current year is formed. It has been established that the organisation of inventory accounting is carried out in accordance with the current regulatory framework and the Order "On Accounting Policy at an Enterprise". In the course of the study, certain conditions for the occurrence of irrelevant production inventories were accepted. The basis for these judgements is the analysis of accounting records on inventory movements. The mechanism for applying decision-making models under conditions of uncertainty is implemented. The analytical table was used to calculate the loss in a discrete situation. On the basis of the calculations, analytical conclusions are formulated. The effectiveness of applying the decision-making model "Minimisation of maximum regret" has been proved. The resulting model allowed to complete analytical conclusions and prove the effectiveness of the use of accounting and analytical reflection of production stocks in order to make effective management decisions.