Purpose of research: grounding of organizational and methodic statements as well as the development of practical recommendations on improvement of accounting and control for production consumption of current assets in management system of large-scale enterprises. Object of research: process of production consumption of current assets at large-scale enterprises comprised by accounting system and control. Subject of research: a set of the theoretical and practical issues on organization and methods of accounting and control for production consumption of current assets. Methods of research: induction, deduction, theoretic generalization, grouping, comparison, historic method, abstract and logical method, causative-consecutive method, logical method, statistic methods. Scientific novelty of the results obtained lies in the development of theoretical and methodical approaches and practical recommendations on improving accounting and internal control for current assets transactions at large-scale enterpriseswhich allows increasing the utility of accounting information for different users. Basic grounds of scientific novelty lie in the following: for the first time: complex accounting model of managing work-in-process and finished goods as elements of capitalized costs of current assets on the base of integrated management computer system which will allow optimization of accounting for production consumption of current assets at large-scale enterprises; the issues have been improved as follows: classification of current assets in the part of distinguishing and grounding the following features: according to the economic nature; organization principles; types (elements); according to the nature of sources of formation, the implementation of which will simplify the process of data formation, as well as increase the utility and relevance of accounting information through the refinement of accounting objects; methods of internal control for current assent consumption, in particular, stages of control, peculiarities ofimplementing methods and ways of control for current assets consumption at all the stages; the following issues have undergone the further development: concept specification from the viewpoint of accounting system functioning: "current assets", "circulating funds", "working capital", which will allow to demarcate these categories as well as provide the grounding of their interpretation for accounting organization; improvement of methods of production overheads allocation, considering long-term production cycle which will provide the improvement of effective estimation cost of work-in-process and finished at large-scale enterprises; specification of the main characteristics of methods of accounting for costs and stocks of work-in-process, which assists theoretical grounding of rational accounting organization for current assets in planning, analysis and internal control system; project development of the program of accounting for separate elements of current assets as well as sharing of responsibilities in thepart of control for current assets transactions between the departments and services of large-scale enterprises, which will provide the obtaining of full, authentic and timely data; determination of objectives of accounting control for current assets transactions wit provision of information sources in the context of company's subdivisions. Implementation extent: research results have been implemented into the practice of Private Limited Company "Novokramatorsky Mashynobudivny Zavod"; Private Limited Company "Starokramatorsky Mashynobudivny Zavod", Public Limited Company "Slavtyazhmash". Some results are applied in the educational process of Zhytomyr State Technological University in teaching "Financial Accounting", "Management accounting", "Reporting of Enterprise" as well as in the work of educational programs "Chief Accountant" and "Auditor".
