ACCOUNTING AND ANALYTICAL PROVISION IN ENTERPRISE INVENTORY MANAGEMENT

Abstract

A key role in the effective implementation of enterprise strategies is played by accounting and analytical provision, which generates relevant information data for management. This article has conducted a theoretical and practical study of aspects of accounting and analytical inventory management at enterprises. It is emphasized that a system of inventory formation and assessment of their optimal level based on analysis has been established and orga-nized. Internal and external factors of influence allow minimizing the costs of enterprises for their creation and storage in the conditions of new challenges of today. Conducting analytical work at the enterprise is based on perfect account-ing (financial, managerial, economic, strategic, etc.) and is aimed at ensuring the adoption of correct management decisions, taking into account the complex scenarios of future events, the development of measures to prevent and over-come the negative consequences of activities. To ensure these conditions, the issue of the availability of accurate and operational information that forms accounting, taking into account the current and prognostic function, as well as its corresponding analytical processing, becomes particularly relevant. The accounting and analytical support system plays an important role in the functioning of the management system. Accounting and analytical provision for the man-agement of material and production inventories is part of the general system of accounting and analytical support for the management of a business entity and occupies one of the most significant positions in this general system. The arti-cle emphasizes the role of accounting and analytical support in strengthening the business activity of the enterprise, its competitiveness and enhances the quality level of inventory management in general through the proper organization of productive interaction between the manufacturer and suppliers, which ultimately affects profitability. Effective invento-ry management allows enterprises to ensure the continuity of production processes, minimize the risks of shortages or excesses of material resources, and optimize financial flows. Therefore, inventory valuation is not only a technical as-pect of accounting, but also a strategic management tool that affects the overall success of the enterprise. It was con-cluded that the changes taking place in Ukraine and the world over the past three years require the development of such situational inventory management systems that would take into account the following aspects: risks of unexpected shortages of commodities and raw materials, unforeseeable consumer demand associated with panic expectations, diffi-culties in transport logistics, risks of spoilage of commodities and materials.