Improving Accounting and Auditing of Inventories in Agricultural Clusters

Currently, in a market economy, the procurement and acquisition of inventories is of great importance at theinitial stage of procurement. To achieve the goal of proper procurement and consumption of inventory, with further rationaluse, the accounting service must contain complete, transparent information that allows monthly analysis of actions forthe procurement and acquisition of inventory. In addition, accounting data must contain information to find reserves forreducing production costs in terms of rational acquisition of inventory items. The analysis of this article is of great importancefor effective financial management. Inventories can constitute a significant share not only of current assets, butalso of the enterprise’s assets in general. This may indicate that enterprises are experiencing difficulties with the sale ofproducts, violations of production technology and the choice of ineffective sales methods.