Accounting of unfinished production in construction

In modern conditions of development of the national economy, the role of the construction industry is growing significantly. The sectoral and technological features of the industry significantly influence the organization of accounting in construction organizations. The purpose of the article is to substantiate and develop recommendations for improving the organization and methods of accounting for the costs of work in progress in construction. The methodological basis of the research is the current regulatory and legal documents. In the course of the research, general scientific methods of observation, study of accumulated experience, analysis of regulatory legal acts were used. The article reveals the essence of work in progress in construction, provides the author’s vision from the point of view of accounting. The author examines the procedure for reflecting on the accounts of synthetic and analytical accounting of work in progress in construction by the developer and the contractor in accordance with the current regulations, as well as with the proposed changes in connection with the adoption of the new FSBU 5/2019 “Inventories”. The expediency of the proposed methods of reflecting the sale of objects of work in progress in construction on the accounts of accounting has been substantiated.