Improvement of classification and assessment of material and production stocks in agricultural organizations

The purpose of the study is to develop practical recommendations for organizing the accounting of inventories. Research objective are to consider the composition and classification of inventories in accordance with the federal accounting standard; determine the methods and procedure for assessing the reserves of agricultural organizations; develop practical recommendations for improving the assessment of inventories, taking into account the requirements of the federal standard, improving accounting policies and accounting registers. The object of the research is the agricultural production cooperative "Usolsky Pig Breeding Complex" of the Irkutsk Region (hereinafter referred to as APC "Usolsky Pig Breeding Complex "). Understanding the essence and features of the interaction of the process of consumption of inventories and the process of production of agricultural products is possible only with the help of an accounting system that makes it possible to most fully reflect the technological, organizational and economic features of accounting for the formation of inventories. Assessment of inventories has a significant impact on the formation of reporting indicators, which, in turn, affect the assessment of the financial condition of the organization. Methods for assessing inventories are regulated by the relevant regulations on accounting. The regulatory act adopted in 2019 introduces a number of changes in the procedure for assessing inventories, which are considered in this study. In the course of the study, a comparative analysis of the old and new standards in terms of assessing inventories was carried out, based on the results of which a classification of inventories was proposed, taking into account the methods of their receipt, which allows them to be assessed taking into account the requirements of the new federal standard. Evaluation of the most important inventories for the APC "Usolsky Pig Breeding Complex", such as animals for raising and fattening, and finished products at fair value affects the asset turnover indicators, and, consequently, the assessment of the financial condition. To implement the proposed approach, it is necessary to make changes to the accounting policy, to develop the necessary accounting registers.