FEATURES OF STOCK ACCOUNTING AT SMALL BUSINESS ENTERPRISES

The article is a study of the features of inventory accounting at small businesses. It is found that in the conditions of transition of the Ukrainian economy to the innovative way of development the importance of small business is increasing. As a result, the task of reforming the accounting and reporting of small businesses comes to the fore. It is difficult to imagine an enterprise whose activities would not in any way involve inventories. They are necessary for the production job, administrative and marketing purposes, etc., so the issues of proper accounting of such assets are very important. According to the Law of Ukraine «On Accounting and Financial Reporting in Ukraine», small enterprises are characterized by: carrying value of assets up to 4 million euros; net income from sales of products (goods, works, services) up to 8 million euros; the average number of employees is up to 50 people. In addition, according to the Commercial Code, small businesses have: annual income from any activity up to 10 million euros; average number of employees for the reporting period (calendar year) up to 50 people. It should be noted that the organization of the accounting of small businesses must meet all the requirements for accounting: to provide information, control, analytical and evaluation functions. The main task of organizing small business accounting is to create a system of information retrieval that would provide real management of the small business entity and multiply the income from its activities. One of the most important tasks of accounting is to ensure the preservation of property and inventory in the enterprise. The definition «Inventories» given in AR(S) 9, which is similar to the definition in IFRS2 «Inventories», should be taken for the basic understanding of the category «inventories». The accounting of inventories and the procedure for their valuation in small enterprises is governed by Accounting Requirement (Standard) 9 «Inventories». In accounting, inventories (goods) are carried at baste cost. The systematic accounting of inventories is carried out in the physical and monetary accounting measurement in the accounts of the second class of the plan of accounts. Accounting for all types of inventories is carried out in an analytical context, taking into account the requirements for providing accrual and qualitative information on the goods movement and availability. Documenting the receipt, availability and use of inventory is an extremely responsible process for small businesses.