Methodological Approaches to The Inventory Process at An Agricultural Enterprise Based on The Generalization of Foreign and Domestic Practice

Abstract

The inventory process is a fundamental component of accounting and financial management, ensuring the accuracy and reliability of an organization’s financial records. Effective inventory practices play a critical role in safeguarding assets, optimizing resource allocation, and improving financial decision-making. In agricultural enterprises, inventory management is particularly complex due to the diversity of assets, seasonality of production, and regulatory requirements. Traditional inventory methods often focus on verifying the physical presence of assets rather than assessing their financial value and compliance with accounting standards. Despite the importance of inventory management, existing methodologies do not fully integrate assessment criteria that align with modern financial reporting standards, limiting their effectiveness in decision-making processes. This study aims to develop a methodological approach to inventory management in agricultural enterprises by incorporating best practices from both domestic and international frameworks. The research presents a systematic inventory methodology that enhances the accuracy of asset and liability evaluation. It introduces a structured approach that includes verification, classification, valuation, and documentation to improve financial transparency. Unlike conventional inventory practices, this approach emphasizes compliance with financial reporting standards, integrates international best practices, and highlights the role of inventory as a strategic tool for financial and managerial decision-making. The proposed methodology provides agricultural enterprises with a more reliable inventory framework, ensuring compliance with regulatory requirements while improving financial reporting accuracy and asset management efficiency.