Fuad S. Accounting and auditing inventories. the world practice and Ukrainian peculiarities

The business activity of the bread-making industry enterprises including the business transactions connected with current inventories turnoverThe purpose of research: the theoretical grounding the essence, context and the role of current inventories in business activity of enterprises, significance and place of current inventories in accounting as well as making suggestions concerning the improvement of methods of accounting for current inventories Methods: induction, deduction, theoretical generilizing, grouping, comparison, system approach, analysis and synthesis, formalizingTheoretical and practical results: the urgent problems connected with the improvement of methodical and practical issues on accounting and auditing for inventories have been researched and solved. The results of research may be used in publications, manuals and conference reports as well as the usage of recommendations concerning accounting and auditing for inventories in the activity of bread-making industry enterprises Research novelty: The scientific novelty of research involves setting, clarifying and solving the theoretical and methodic problems connected with the accounting and auditing of inventories' transactions under new business conditions in different countries. The main scientific result involves designing the universal algorithm of the order of choice the inventory costing method taking into consideration the set of internal and external factors of impact on the method choice. The following results with the scientific novelty have been obtained during the research: the concept "current inventories" has been disclosed and formulated the inventories' classification has been clarified,the scientifically grounded principles of improving the organization of accounting for inventories; the abilities and peculiarities of organization af automated data on current inventories accounting proceeding using the computers have been defined; the methodic of an audit of current inventories transactions have been suggested; the auditprogram of the inventories transactions has been worked out.