Accounting Of Finished Goods (Works, Services) And Their Implementation

Abstract

The production of finished products for organizations in the field of material production is a prerequisite for effective entrepreneurial activity aimed at making a profit. The correct formulation and organization of accounting for finished products is necessary for the formation of information on the basis of which management decisions will be made. Information on the condition and movement of finished products is necessary for calculating the tax base for the sale of finished products (VAT, excise taxes, etc.). The correctness of determining financial results, the amount of profit remaining at the disposal of the organization, income tax determined according to tax accounting data depends on how accurately transactions for the sale of finished products are reflected in accounting and reporting, and how accurately their cost is determined. Currently, this problem is especially relevant because There is an unstable market situation, constant changes in the legislative framework, high taxes and inflation, insufficient government support for some vital sectors of the economy