Transformation of inventory management in conditions of increased inflation

The problem of inventory management organization, optimization of their accounting (management) models in periods of accelerated price growth is relevant in many countries, including Russian organizations. The paper considers the main difficulties that organizations may encounter in inventory accounting inconditions of increased inflation, and possible ways to solve them in order to improve the reliability of financial reporting and minimize the consequences of inflation risk. The authors provide recommendations on the transformation of the inventories' value estimating at recognition, after recognition, during write-off and release into production procedure, and on maintaining detailed inventory accounting when their price level changes. The article proposes a modification of R. Wilson's model for determining the optimal inventory purchase volume considering the forecasted expenditures to cover the inflation risk.