PROBLEMS AND IMPROVEMENT OF INVENTORY VALUATION AT THE ENTERPRISE

Any enterprise in its activity has stocks that it uses during the reporting period or keeps for further purpose. The company can produce these assets independently, buy from suppliers, receive them for free, contribute to the authorized capital, etc. With this comes the problem of correct valuation of stocks upon arrival and departure. This article examines current issues related to inventory accounting at domestic enterprises and suggests ways to solve them. The article examines current problems in the field of accounting for production stocks, as well as proposes methods for solving them, compares the valuation of stocks according to national accounting standards and IAS, and highlights the key differences between these two approaches. The existing procedure for stock assessment at the enterprise according to domestic and international standards was analyzed, the problems arising in the process of stock accounting were outlined, in particular, such as incorrect stock assessment, non-identical interpretation in Ukrainian and international regulations, or the general absence of an answer to one or another question in national accounting standards and IAS, and based on the conducted research, ways of their improvement and solution were proposed. The directions of convergence of national reserve assessment requirements in accordance with international requirements have been determined. Analysis and determination of ways to solve the problems of inventory accounting can help improve the quality of the results of financial reporting at the enterprise, because the accurate assessment of inventories is an important component of the financial analysis of the enterprise and affects its financial stability. Therefore, analysis and determination of ways to solve problems of inventory accounting is an important step on the way to improving the quality of financial reporting and ensuring a more reliable financial position of the enterprise. Considering this research on practical experience, it is possible to improve the correctness of the results of financial reporting and financial analysis at domestic enterprises.