Journal LNEU: Economics of AIC 2022 №29: 26-31
PECULIARITIES OF ACCOUNTING AND TAXATION OF SHORTAGES DISCOVERED DURING THE INVENTORY
R. Andrushko, Candidate of Economic Sciences (PhD)
ORCID ID: 0000-0003-1235-4511
N. Zhydovska, Candidate of Economic Sciences (PhD)
ORCID ID: 0000-0002-1883-5992
A. Romaniv, Master degree student
ORCID ID: 0000-0003-0890-9799
Lviv National Environmental University
https://doi.org/10.31734/economics2022.29.026
Annotation
Problematic aspects of accounting and taxation of shortages identified during the inventory of enterprises are outlined in the research. It is noted that the effectiveness of inventory work depends on inventory planning, control over its timely and high-quality implementation. Since the inventory ensures control for fulfillment of the rules and conditions of storing goods and material values, warehouse management, maintenance and operation of machines, equipment, other objects of fixed assets, the reliability of accounting data, and also prevents stealing the enterprise property.
Currently, there is neither a common system approach to making inventory, nor a clear methodology and a comprehensive assessment of transformations. Since all materials related to the inventory can be filled out both by hand and by using electronic means of information processing in the relevant documents, it is reasonable to use all possibilities for application of modern computer technologies and systems. Namely, introduction of the bar code labeling and the use of electronic readers will simplify the inventory process and, accordingly, increase the accuracy of its results, as well as reduce the inventory duration.
In the course of the study, it was substantiated that the systematic inventory of goods and material resources contributes to ensuring their preservation, timely identification of those responsible for causing shortages, losses and spoilage, and also creates the basis for compensation for the losses incurred by the enterprise.
It is necessary to develop an effective system of internal control, which should ensure the stability of the business entity develpment, contribute to achievement of the strategic goals and solution of the current tasks, and guarany for the full compliance with tax legislation.
Key words
accounting and taxation, inventory, shortages, losses, control
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Link
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