Work in Process (NP) includes the results of the production process, which were not completed by the date of the reporting period, and the final product is in the form of goods not received.As a general rule, taking into account work in progress includes:
- raw materials and items still in the processing plants in the warehouses of the enterprise;
- finished production items, but not supplied or services not accepted process control;
- the same products, but not adopted by the technical experts of the customer;
- unfinished operations performed for external customers and for its own production.
The structure of NP does not include canceled orders and products, discarded service TCI, purchased semi-finished products, as well as those materials and components, which have not yet been processed or assembled into a single unit.
ascertaining the value NP, competently and professionally conducted keeping work in progress at the end of the period, plays a decisive role for the accounting of all production activities of the enterprise or company, provides insight into the spending of the fund salaries and the correct calculation of the cost of manufactured goods.
There are records management and accounting work in progress.Operational accounting staff made accounting units of shops and other business units, representing intermediate stages of the production cycle (dispatcher desk, shift foreman, foremen).This type of account is designed for operational control of the production process, controlling expenditure component materials and their residues.
Accounting, in addition to the quantitative accounting, organizes and conducts accounting work in progress, in which postings are made to reflect the cost of the NP and trends.
Records management in various enterprises organized in different ways, because its technology is largely dependent on the nature of productive activity, the complexity of the products.
in industrial production is dominated by two stages of operational accounting.
exploded operational method common in the workplace, where there is a smaller series, the release of which is associated with labor-intensive operations processing and assembly.In this case, keeping a work in progress conducted by filling in the so-called route sheets, which reflect all the technological processing operations envisaged and the degree of completion at each stage of the process of manufacturing of commodity products.
in the maquila sector, which is characteristic of a short production time in large batches, need to fix the responsibility of each transaction and account no.Here, evaluation and accounting work in progress occurs through the execution of monthly (or other periods due to the specifics of the production process) statements, which, if necessary, accompanied by appropriate specifications for a specific type of product and other documents.Such statements are underway in the departments of the enterprise, then they are generalized, and a balance sheet items.This balance reflects data from all production units and recorded information on income parts of the picking warehouse, marriage and balances within the reporting period.
However, due to various circumstances, the information contained in the documents of operational records are not always accurate.Therefore, the enterprises in the framework of the procedure organizes inventories of work in progress.Their methods and determines the physical properties of the product size, weight, technological parameters of objects.
