Features of the reflection of inventories in the financial statements

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 irration...

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Main Authors: N. V. Moskalenko, E. S. Vasyukova, D. O. Chestnykh
Format: Article
Language:Russian
Published: Russian Academy of Entrepreneurship 2020-11-01
Series:Путеводитель предпринимателя
Subjects:
Online Access:https://www.pp-mag.ru/jour/article/view/1483
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author N. V. Moskalenko
E. S. Vasyukova
D. O. Chestnykh
author_facet N. V. Moskalenko
E. S. Vasyukova
D. O. Chestnykh
author_sort N. V. Moskalenko
collection DOAJ
description 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.
format Article
id doaj-art-8a3feb9879dd4de2a9446009b860a46b
institution Kabale University
issn 2073-9885
2687-136X
language Russian
publishDate 2020-11-01
publisher Russian Academy of Entrepreneurship
record_format Article
series Путеводитель предпринимателя
spelling doaj-art-8a3feb9879dd4de2a9446009b860a46b2025-08-20T03:39:53ZrusRussian Academy of EntrepreneurshipПутеводитель предпринимателя2073-98852687-136X2020-11-0113419320110.24182/2073-9885-2020-13-4-193-2011473Features of the reflection of inventories in the financial statementsN. V. Moskalenko0E. S. Vasyukova1D. O. Chestnykh2Tambov State Technical UniversityTambov State Technical UniversityTambov State Technical UniversityThe 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.https://www.pp-mag.ru/jour/article/view/1483inventoriesaccounting of inventoriesinventoryaccounting
spellingShingle N. V. Moskalenko
E. S. Vasyukova
D. O. Chestnykh
Features of the reflection of inventories in the financial statements
Путеводитель предпринимателя
inventories
accounting of inventories
inventory
accounting
title Features of the reflection of inventories in the financial statements
title_full Features of the reflection of inventories in the financial statements
title_fullStr Features of the reflection of inventories in the financial statements
title_full_unstemmed Features of the reflection of inventories in the financial statements
title_short Features of the reflection of inventories in the financial statements
title_sort features of the reflection of inventories in the financial statements
topic inventories
accounting of inventories
inventory
accounting
url https://www.pp-mag.ru/jour/article/view/1483
work_keys_str_mv AT nvmoskalenko featuresofthereflectionofinventoriesinthefinancialstatements
AT esvasyukova featuresofthereflectionofinventoriesinthefinancialstatements
AT dochestnykh featuresofthereflectionofinventoriesinthefinancialstatements