For the production of products, an enterprise needs resources, assets to obtain economic benefits. To calculate the volume of current assets, you need to determine inventories and monetary amounts in the company's accounts.
Instructions
Step 1
Inventories are the property of the company. There are the following groups: raw materials and raw materials, additional materials, ready-made semi-finished products, waste, fuel, containers and packaging, spare parts. As an estimate of this part of current assets in accounting, their actual cost is used, i.e. expenses for their purchase net of VAT and other taxes.
Step 2
Groups are formed depending on the role of this or that material value in production. Raw materials and raw materials constitute the bulk of the material part of the product. Supplementary materials are aids used to maintain tools, such as coolants or lubricants for technical equipment.
Step 3
Finished semi-finished products are purchased intermediate products that will then be processed into finished products. Together with the raw materials, this stock group forms the material basis of the product. Waste is the remnants of raw materials or materials generated during the production process.
Step 4
Fuel, containers, packaging and spare parts for the repair of worn out equipment, in fact, are included in the group of additional materials, but they are distinguished separately. This is due to the peculiarities of their application. Fuel, in turn, is subdivided into technological (equipment), motor (transport) and household (heating, etc.). A container is a collection of items and materials for packaging and storing finished products, as well as the convenience of their transportation to the place of sale.
Step 5
To determine the inventory, you need to calculate the actual cost for each individual group. This allows you to control all stages of production, monitor compliance with consumption standards, timely pay with suppliers, etc. In addition, detailed analysis helps to identify areas and causes of unnecessary surpluses, and to implement them in a timely manner.
Step 6
The actual cost of inventories is in the following financial categories:
• payments to suppliers in accordance with concluded contracts;
• payment for information and consulting services;
• customs duties;
• taxes per unit of material value;
• interest to intermediary organizations;
• payment for transport on delivery, including insurance costs.
