REGULATORY AND LEGAL FRAMEWORK OF INVENTORY PROCEDURES IN UKRAINE: ACCOUNTING AND TAX DIMENSIONS
Main Article Content
Abstract
Introduction. Inventory is an essential component of the accounting system that ensures the reliability of financial and tax reporting and serves as an effective instrument of internal control. Under martial law, enterprises encounter significant difficulties related to restricted access to assets, accounting records and primary documents, which complicates inventory procedures, increases uncertainty in accounting estimates and creates additional tax risks. These challenges are particularly relevant for agricultural enterprises due to the presence of biological assets, seasonal production cycles and increased exposure to external factors.
Purpose. The purpose of the study is to examine the regulatory framework governing inventory procedures in Ukraine in the context of the interaction between accounting and tax legislation and to develop proposals for improving accounting policy provisions under martial law.
Methods. The research is based on general scientific and special methods, including analysis and synthesis, comparison, systematization, generalization, regulatory analysis and logical modelling. These methods were used to assess legislative requirements, identify inconsistencies between accounting and tax regulations and develop practical recommendations for enterprises.
Results. The study identifies key inconsistencies between accounting standards and tax legislation regarding the recognition and reporting of inventory results. It is established that the greatest difficulties arise in accounting for inventory differences, documenting losses caused by military actions and confirming the existence of assets when physical access is restricted. A comparative analysis of accounting and tax approaches to inventory results is conducted. Particular attention is paid to inventory procedures in agricultural enterprises. An adaptive algorithm for organizing inventory procedures under martial law is developed, taking into account the availability of safe access to assets, accounting records and supporting documentation. Furthermore, proposals aimed at improving organizational and technical provisions of accounting policy are formulated.
Originality. The scientific novelty lies in the development of an adaptive decision-making algorithm for inventory procedures under martial law and in substantiating the use of alternative evidence to confirm the existence and condition of assets for accounting and taxation purposes.
Conclusion. The findings confirm the necessity of harmonizing accounting and tax requirements related to inventory procedures. The proposed amendments to accounting policy contribute to improving the reliability of accounting information, strengthening documentary support for inventory results, reducing tax risks and enhancing the protection of enterprises during tax audits and dispute resolution procedures.
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