A NEW RULES OF THE INVENTORY VALUATION IN AN ACCOUNTING: PROBLEMS AND PROSPECTS OF USE

One of the most significant problems of an accounting of the commercial organizations at the present time is the problem of the correct assessment and reflection in the accounting of inventories. As is known, the draft of the Federal accounting standard (FSBI) “Reserves” has already been developed and discussed in accordance with the program of the development of the Federal accounting standards for 2018–2020 yrs, should legitimate in 2019 and replace the current Regulation on accounting PBU 5/01 “Accounting of inventories”. This article is devoted to the study and comparative analysis of the key provisions of both documents, to the identification of the problematic issues that may arise in connection with the introduction of a new standard and an identification of the possible solutions. The authors found that the new accounting procedure is significantly different from the existing one. In particular, there was a significant expansion of the scope of the standard, a change in the order of the valuation of inventories while recognizing it in accounting and after it, the change in the list of costs included in the cost of inventories is studied. In addition, the main problems that organizations will have to overcome in the transition period, such as the need to revise the system of calculation of the cost of production (works, services), a possible increase in the cost due to the expansion of the list of costs included in it, and others are identified in this work. Also a methodology, which is absent in the draft Federal standard, which should be used by organizations to reflect operations on impairment of reserves is proposed.

assessment, price cost, inventories, fair value, costs of purchase, net worth of sales, actual expenses, actual price cost, accounting.

Yazykova S. V., Alaverdova T. P. A new rules of the inventory valuation in an accounting: problems and prospects of use // Business. Education. Law. 2019. No. 1 (46). Pp. 303–308. DOI: 10.25683/VOLBI.2019.46.144.