Classification of Product Losses of Supermarkets

Object of the article is the classification of product losses of supermarkets for the needs of financial and management accounting and internal control. Economic substance and identified significant differences between the concepts of 'losses', 'lack', 'natural loss', 'product losses' are being studied. Today the issue of economic and commercial nature of product losses of supermarkets, its identification, separation by types, accounting and the impact on financial results remain almost unstudied. The necessity for this is that each supermarket chain is not only a trade enterprise but also a full production unit that produces semi-finished products and ready meals. This diversification of activities and the lack of scientifically based recommendations concerning the establishment of an effective system of internal control measures of product losses forms the significant part of still unsolved problem. Based on a critical assessment of scientific views regarding the classification of product losses, as well as considering the functioning features of supermarkets, the classification of such losses is being improved. The offered classification will enhance the financial and management accounting, internal control of product losses.