Organization of Warehouse Accounting of Production Inventories at the Enterprise

Natalya Bondarenko () and Olha Feloniuk
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Natalya Bondarenko: Oles Honchar Dnipro National University, Dnipro, Ukraine
Olha Feloniuk: Oles Honchar Dnipro National University, Dnipro, Ukraine

Oblik i finansi, 2021, issue 2, 11-18

Abstract: The truthfulness and impartiality of all indicators, reflected in the financial statements, depend on the reliability and objectivity of the accounting of all business transactions, including those related to the movement of inventories in warehouses. The organization of warehousing is the choice and justification of the type and composition of warehouses, their location, size, equipment, as well as in the defined order of operation of warehouses, depending on the functions they perform. The purpose of the article is to study the order of organization of inventory and identify problems in its implementation in modern conditions. The definition of "warehouse" was analyzed in the context of logistics theory, the tasks of warehouses at the enterprise were revealed. Documentary support of accounting of operations with production stocks at all stages of the process of their circulation was systematized. It was found that in practice a significant number of domestic enterprises neglect the rational organization of warehousing, which in general affects the overall management of the enterprise. Achieving efficient use of stocks is possible only with proper organization of internal control over their use and movement. It is established that with the correct organization of warehousing is the establishment of close ties with the managers of the enterprise and the accounting department, which ultimately affects the efficiency of accounting. Warehouses should be located not in isolation, but in easily accessible places for the company, with good transport links, which is a necessary condition for ensuring the efficiency of the logistics chain. Hiring skilled warehouse workers is a guarantee of organized warehousing, which will ensure the effective performance of warehouse functions, as well as obtaining high profitability.

Keywords: inventories; warehouse; warehousing; inventory accounting; inventory management (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:iaf:journl:y:2021:i:2:p:11-18

DOI: 10.33146/2307-9878-2021-2(92)-11-18

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