MANAGEMENT ACCOUNTING OF INVENTORIES IN THE MANAGEMENT SYSTEM OF SMALL BUSINESS ENTITIES

Abstract

The article examines the role of inventory management accounting in the management system of small business entities. It is established that an effective management accounting system allows you to form an optimal assortment, avoid excess inventory, calculate the real trade margin and level of profitability, and make timely management decisions regarding purchases and pricing. It is argued that for small businesses, accurate information about the movement of goods and their balances is a critical factor in ensuring liquidity and stability of activities. The study used methods of documentary analysis when studying the regulatory framework for inventory accounting, critical analysis to assess the current state of management accounting in small business, and the method of abstraction and generalization to form author's proposals. It is stated that in practice, inventory management accounting is often fragmentary and informal in nature. Scientific approaches to the organization of inventory management accounting are analyzed and its regulation in the legislation of Ukraine is studied. It was determined that the construction of management accounting of inventories in small business entities is associated with the presence of problematic issues of an organizational, methodological and technical nature. The directions for solving the identified problems in each of the indicated areas were clarified. It was substantiated that the rational organization of management accounting of inventories in small business entities consists of a combination of three components: automated data collection based on inexpensive digital services, analytical processing of information using structural analysis tools and the integration of management accounting into inventory accounting, which is required by law. This will make it possible to obtain information about inventories in real time and increase the efficiency of management decisions made. The practical recommendations provided can be used by small business entities in the process of building a rational management accounting system in order to improve the management of their own business.