Inventory – a method to ensure the reliability of accounting and analytical information on the financial status of the organization

The article deals with the issues relating to the importance of the inventory of property as the main method of accounting, ensuring the reliability of accounting and analytical information on the basis of which the financial statements of the organization. Inventory is a mandatory procedure under the legislation of the Russian Federation before the preparation of annual financial statements, which allows you to establish an accurate assessment of each article of the main forms of annual financial statements. In the article the definition of inventory is given, classification is described, detailed, situations at which this process is carried out without fail are specified. The list of the basic principles, compliance with which ensures the reliability of accounting and analytical information used in the formation of the annual financial statements. The author focuses on the importance of documenting the process and the identified results of the inventory. It is important to note that the role of the inventory is not limited to checking the actual availability of the organization's assets...