The concept of incomplete production and approaches to its evaluation

The rational structure of stocks directly affects the results of the enterprise: cost, profit, profitability. In stocks of work in progress accumulates a significant part of inventories, and this can have a significant impact on the size of the financial result of the enterprise. This value can be controlled not only by organizational decisions, but also by changing the methods of accounting and valuation. In addition, Russia is planning a transition to a new standard for inventory accounting, in connection with which the study of approaches to the definition of this term, as well as methods for assessing it, becomes relevant for both financial employees and company managers.