for trade organizations and industry has its own special accounting rules, which fully reflect the major differences in the characteristics of their economic activity.For example, 43rd bill on the court listed the finished products can only be used by enterprises that are engaged in the manufacture of goods sold on its own.On this account transferred to the costs accumulated at the 40th run in the process of manufacturing the goods after he entered the warehouse is already in finished form.This is accomplished by using the following wiring - the 40th credit score, and 43rd, respectively, debited.
managed enterprises can take advantage of the information they provide by "finished products", a variety of ways.First of all, this figure allows them to see to what extent the company warehouses are loaded.Even here you can make a conclusion about whether or not to expand production or, on the contrary, it is necessary to stimulate sales, as the stock of finished products is in excess of the norm.
Also, do not forget about the reserve of finished products, which should always have company.Demand is in the market economy rather unpredictable variable, so the company must always be ready for what may be followed by a major order, which can be met by established reserves.However, too large a reserve fraught with unnecessary costs for storage of products, in addition, increases the likelihood of damage to the goods stored in the warehouse, which can also result in losses for the company.
After the finished product arrives at the warehouse, and was recorded as an accountant, it expects its future fate.Received an order from a customer is satisfied just with its help, which, of course, should be appropriately reflected.Typically, once the sale of products is recognized upon shipment, but rather move goods into the ownership of the new owner, in accordance with the terms of transportation.However, in some cases, revenue can not be recognized immediately, and then you need to use an additional 45th account.
But first let's talk about the traditional method of accounting.When shipped finished products, wiring involves, in addition we are considering 43rd accounts and by the 90th, referred to as "sales".The fact that the shipment reflects its debit and therefore credit account "finished products".Later in the 90th and entered by the proceeds received from the sale.The difference between the cost, moved to 90th by bypassing our 43rd, as well as proceeds from the sale will give the first idea of how much profit the company can get through its business activities.
If revenue is taken into account immediately, but it usually happens, if the company is specialized in export operations, we add to the classic chain account "goods shipped" at number 45. In this case, we need to debit the account by crediting the 43rd.When, according to the law, the company receives, finally, the right to recognize revenue, an accountant can transfer the cost of production from the 45th to the bill 90th.
on this work with a score of "finished products" is completed.As you can see, this matter is of secondary importance, reflecting the movement of goods from the production workshops through the manufacturer's warehouse and to the buyer's warehouse, but it at the same time provides an important analytical information needed for decision making in production and marketing sector, so it isthe value should not be underestimated.
