What is the purpose of inventorying
What is the purpose of inventorying
The inventory at the enterprise is reliablemethod of controlling the movement of values and allows you to ensure the reliability of accounting data and reporting. This is a guarantee of effective work of any organization, since it allows documenting the existence and condition of its property and financial obligations.
In what cases is an inventory
The enterprise itself decides how many inventoriesit will be necessary to hold in the reporting period and appoint dates when they will be held. During each inventory, the actual availability of material assets and other property is made, its safety and compliance with operating conditions are monitored, unrecorded and unused property is revealed and the real value of that property that is on the balance sheet is checked. From these basic tasks of inventorying it is clear that an unscheduled audit should be carried out additionally in the following cases: - when material values and property are transferred to a lease or an enterprise changes its form of ownership and becomes a joint stock company - before the annual financial statements are prepared - when changes are made a materially responsible person or a new one is appointed - when facts of embezzlement and damage to property were discovered - when the property was damaged in a fire or other natural disaster - when proceeds bankruptcy or liquidation of the company.What is subject to inventory
In the inventory process, theAll property that is on the balance sheet of the enterprise is accounted for, regardless of where it is located. In addition, all types of financial liabilities of the enterprise, including accounts payable, bank loans, loans and reserve money, are subject to verification. Other types of property that are not owned by the enterprise are also checked, but they are reflected in the forms of financial statements on off-balance accounts, for example, as well as other property that for some reason has not previously been accounted for. There are two types of inventory - complete and partial. The procedure for their implementation is regulated by the Federal Law "On Accounting", regulatory acts on accounting and reporting in the Russian Federation, guidelines No. 49 approved by the Ministry of Finance of the Russian Federation in 1995.Who conducts an inventory
Before carrying out the inventory, the headthe enterprise must issue an order, according to which the terms of its holding are determined, and an inventory commission is appointed. It includes the head of the structural unit, the chief accountant or his deputy, financially responsible persons, as well as specialists who have an idea about the technology of storage of inventory items or employees who can assess the condition of fixed assets. Not bad, if the commission will work economists and marketing specialists. The chairman of the commission is appointed the head of the enterprise or one of his deputies.
