Inventories

Inventories - this is a certain part of the property, part of the current assets. They are used in the production of goods (products) or the performance of work, the provision of any services for sale, the satisfaction of the management needs of the enterprise. Inventories are also used as labor funds, which are involved in turnover for no more than twelve months or a standard operating cycle. The considered part of the property is also used as a finished product with a complete set (processing), the quality and technical characteristics of which are in accordance with the terms of the agreement or the requirements of other documents that are established by law. Inventories can also be used as goods that are received or purchased from other persons and are intended for resale (sale) without additional processing.

Part of the current assets of the company include objects of labor. These inventories are divided into raw materials, materials (basic and auxiliary), packaging, spare parts, fuel, labor products. To the same category carry the means of labor, presented in the form of inventory, accessories of economic purpose, whose service life is not more than a year. It should be noted at the same time that the nomenclature number has been adopted as the accounting unit.

The basic materials and raw materials form the material basis of the goods. Raw materials represent agricultural products, products of the extractive industry (coal, ore, etc.). Materials include products processing (processing) industry (sugar, fabric, metal, etc.).

Auxiliary means effect on the main. With their help, the product is also given certain consumer properties. In addition, additional materials are used to maintain and care for labor tools, facilitate the production process.

The division of funds into primary and secondary funds is considered conditional and is established in accordance with the specifics of the organization and technology of production. So, for example, starch in the food industry is considered the main material, and in textile - auxiliary.

Acquired components and semi-finished products are considered to be labor items that have passed through a number of processing stages. They come from outside, they are used for production and they are the main material.

Remnants of funds and raw materials are referred to as recyclable waste. They are formed in the process of processing and lose the consumer properties of the original material, partially or completely. Such wastes include chips, sawdust and other.

To the auxiliary raw material carry container, fuel. However, according to the peculiarities of their application, they are divided into certain categories.

So, fuel is divided into economic, motor, technological - depending on the destination.

Packaging is used for packaging, storage, transportation.

Spare parts are used in repair, as well as to replace worn out parts, equipment and machinery.

Household accessories, tools - is an inventory and other means of labor within the current limit of the period of use, as well as accommodation. They include special tools, shoes, clothes, temporary structures that function in circulation.

In separate groups, labor products are integrated as finished goods and goods, which are subject to resale (sale) without additional processing.

At the organization of the account of means use methodical instructions on book keeping of material-industrial stocks.