THE IMPACT OF FINISHED PRODUCT CLASSIFICATION ON ACCOUNTING ORGANIZATION IN GLASS MANUFACTURING COMPANIES

Abstract

One of the important elements in the activities of a manufacturing enterprise is the provision of reliable and complete information to management personnel for the effective implementation of production management and the possibility of planning strategic activities. The activities of any manufacturing enterprise assume the presence of a wide range and nomenclature of finished products. The main method of systematizing all types of finished products in the accounting process is classification. It significantly improves and facilitates the accounting process at the enterprise, and also serves as a modified organization of accounting, as well as the sale of finished products. The classification of finished products tends to change, depending on the field of activity of the business entity. The variety of approaches to the classification of finished products allows each enterprise, depending on the type of activity, to optimize the organization of accounting and facilitate the accounting process. Without a high-quality classification of finished products, the accounting process at the enterprise will be insufficiently effective and will not provide the management with the necessary and reliable information. The correct application of the classification of finished products helps to increase the efficiency of production process management and ensures the reliability of financial reporting. The article examines a significant number of works by scientists on the classification of finished products, and some problematic areas are identified, in particular: the variety of approaches to the classification of finished products; the absence of a single approach to classification; the choice of classification affects the organization of accounting. One of the results of the study and analysis of the proposed options for the classification of finished products by domestic scientists is an improved classification of finished products for the glass industry and a description of its impact on the organization of accounting at the enterprise. The classification is described in the following approaches, namely: by form, degree of readiness, location, method of assessment in accounting, by financial standards, technological complexity, purpose, and also by characteristic. Also, when forming the classification, it was taken into account that this industry has a percentage of waste that has no further use at the place of formation or detection and which must be disposed of. These features should be taken into account when organizing the accounting process by a business entity, for the effective and coordinated operation of production and management.