ORGANIZATION OF ACCOUNTING AND CONTROL OF FINISHED PRODUCTS OF THE ENTERPRISE

Authors

  • Ivan Balaniuk Vasyl Stefanyk Precarpathian National University image/svg+xml
  • Olha Hryhoriv Vasyl Stefanyk Precarpathian National University image/svg+xml
  • Tetiana Ivanyuk Vasyl Stefanyk Precarpathian National University image/svg+xml

DOI:

https://doi.org/10.37332/2309-1533.2020.1-2.23

Keywords:

Key words, finished products, production, system control, profit, sales.

Abstract

Balaniuk I.F., Hryhoriv О.О., Ivanyuk T.L. ORGANIZATION OF ACCOUNTING AND CONTROL OF FINISHED PRODUCTS OF THE ENTERPRISE

Purpose. The aim of the article is to reveal theoretical bases of organization of accounting and control of finished products of the enterprise.

Methodology of research. General scientific and special methods are used to achieve this goal: the dialectical method of scientific knowledge – to consider the nature of the finished product, to determine the main aspects of the organization of accounting and control of finished products; synthesis – for the classification of finished products; graphic – to visually display of the obtained results; abstract logical method – for the formation of conclusions and suggestions of the study.

Findings. Various interpretations regarding the definition of the essence of “finished products” are considered in the article. The classification of finished products by form, level of readiness and technological complexity has been formed. The formation of finished product accounting at the enterprise is investigated. The features of the formation of a control system for the movement of finished products of the enterprise are considered. The main aspects of the organization of accounting for finished products are identified and typical correspondence for the accounting of products at the enterprise is proposed.

Originality. The interpretation of the concept of “finished products” is systematized and generalized. It is proposed to consider the finished product as a product that has passed all production stages, meets all the delivered quality and technical characteristics and can be deposited for storage or immediately sold to the customer or buyer. An updated classification of finished products is proposed. Recommendations are developed to improve the control system of the entity.

Practical value. The expediency of studying and further developing the process of organizing the accounting and control of finished products is proved. The results of the study can be used by industrial enterprises in the production and sale of products.

Key words: finished products; production; system control; profit; sales.

Author Biographies

  • Ivan Balaniuk, Vasyl Stefanyk Precarpathian National University
    dr.sc.(econ.), professor, head at the department of accounting and auditing
  • Olha Hryhoriv, Vasyl Stefanyk Precarpathian National University
    сand.sc.(econ.), assoc. professor, chief accountant
  • Tetiana Ivanyuk, Vasyl Stefanyk Precarpathian National University
    postgraduate student

References

Ahieiev, Ye.Ya. and Chepinohova, V.I. (2005), Marketynh: vid prostoho do skladnoho (zapytannia i vidpovidi) [Marketing: from simple to complex (questions and answers)], Novyi svit-2000, Lviv, Ukraine, 352 p.

Shostak, H.V. “Finished goods: problems of presentation in accounting statements and ways of their solution”, available at: https://er.knutd.edu.ua/bitstream/123456789/2289/1/20160428-29_TEZY_V3_P070.pdf (access date January 05, 2020).

Butynets, F.F. (2013), Bukhhalterskyi oblik, control i analiz: problemy teorii ta metodolohii [Accounting, control and analysis: problems of theory and methodology], monograph, ZhDTU, Zhytomyr, Ukraine, 604 p.

Voronina, V.L. and Chernysh, V.V. (2013), “Features of documentary display of the movement of finished products”, Krymskyi ekonomichnyi visnyk, no. 2, Part I, pp. 72-75.

Khomiak, R.L. (2013), Bukhhalterskyi oblik v Ukraini [Accounting in Ukraine], tutorial, “Intelekt-Zakhid”, Lviv, Ukraine, 820 p.

Sopko, V.V. “Accounting”, available at: http://fingal.com.ua/content/view/780/35/1/3/.pdf (access date January 05, 2020).

Honcharova, T.V. “Accounting of products, works, services and their realization”, available at: http://www.kpi.kharkov.ua/archive/.pdf (access date January 05, 2020).

Hlibko, V.M. and Bushchan, O.P. (2014), Sudova bukhhalteriia [Forensic accounting], textbook, Yurinkom Inter, Kyiv, Ukraine, 224 p.

Suk, L.K. (2012), Orhanizatsiia bukhhalterskoho obliku [Organization of accounting], textbook, Karavela, Kyiv, Ukraine, 624 p.

Tkachenko, N.M. (2015), Bukhhalterskyi finansovyi oblik, opodatkuvannia i zvitnist [Financial accounting, taxation and reporting], textbook, Alerta, Kyiv, Ukraine, 1080 p.

Shvab, L.I. (2013), Ekonomika pidpryiemstva [Economics of the enterprise], tutorial, Karavela, Kyiv, Ukraine, 568 p.

Ministerstvo finansiv Ukrainy (1999), Accounting Standard 9 “Stocks”, Nakaz dated 20.10.1999no. 246, available at: http://zakon2.rada.gov.ua/laws/show/z0751-99 (access date January 05, 2020).

Zamula, I.V. (2012), Osoblyvosti bukhhalterskoho obliku v torhivli [Features of accounting in trade], textbook, PP “Ruta”, Zhytomyr, Ukraine, 468 p.

Balaniuk, I.F., Shelenko, D.I., Ivaniuk, T.L., Zhovnir, A.V. and Banashkevych, T.P. (2019), “Formation of accounting of financial results in enterprises”, Visnyk Prykarpatskoho universytetu. Seriia: Ekonomika. Issue XIV, pp. 179-186.

Britchenko, I.H. and Kniazevych, A.O. (2015), Kontrolinh [Controlling], tutorial, Volynski oberehy, Rivne, Ukraine, 280 p.

Downloads

Published

2020-05-06

Issue

No. 1-2 (2020): INNOVATIVE ECONOMY

Section

Statistics, accounting, analysis and audit

License

Open-access articles (open-access journals)

Authors whose articles are published in open-access retain all rights to the content of the articles.

Open access articles are committed to be published under Creative Commons Attribution (CC BY) 4.0. This license allows others to distribute, edit, correct and build upon your work, even commercially, as long as they indicate your authorship. Detailed information at Creative Commons site: https://creativecommons.org/licenses/by/4.0/

Permissions for open-access journals

If the article is published in open-access under CC BY 4.0 or CC BY-NC 4.0 (which was possible till the 15th of December, 2018) licenses, users may reproduce it in accordance with their terms.

Additionally, if the article had been published under CC BY-NC 4.0 (this license authorizes others to download your works and share them with others as long as they indicate your authorship, but they can’t use them commercially in any case.), the use for the following commercial purposes requires permission:

– reproduction of content in a work or product intended for sale;

– reproduction in presentations, brochures or other marketing materials used for commercial purposes;

– distribution of the content to promote or market a person, product, course, service or organization;

– text and data mining for the purpose of creating a saleable product or product which benefits from promotional or advertising revenue;

– use of the content by a commercial entity or individual for the purposes of remuneration, directly or indirectly through sale, licensing, promotion or advertising;

– linking to the content (in an email, webpage, portable electronic device or otherwise) for the specific purpose of marketing or advertising a person, product, course, service or organization for commercial benefit.

For further details and permission requests, please contact.

How to Cite

“ORGANIZATION OF ACCOUNTING AND CONTROL OF FINISHED PRODUCTS OF THE ENTERPRISE”. INNOVATIVE ECONOMY, no. 1-2, May 2020, pp. 157-63, https://doi.org/10.37332/2309-1533.2020.1-2.23.