Of azerbaijan high technical educational institutions

 
ABSTRACT 
The research work is devoted to international practice of organization and maintenance of 
accounting in small and medium-sized enterprises. In this part, Development of fixed asset 
accounting: under the requirements of International Financial Reporting Standards, Improvement 
of inventory accounting in small and medium-sized enterprises in the context of the transition to 
International Financial Reporting Standards for Small and Medium-Sized Enterprises and 
Components of accounting policy and the mechanism of their implementation in Small and 
Medium-Sized Businesses were analyzed.
Accounting is greatly simplified when using computer equipment in warehouse accounting. 
Analytical accounts are grouped by material groups, storage locations, financially responsible 
persons, by synthetic accounting accounts and subaccounts. They use accounts of analytical 
accounting to control the storage and movement of inventories, their evaluation, comparison with 
warehouse accounting data. The importance and laboriousness of conducting quantitative 
analytical accounting of inventories has necessitated the search for more rational methods of 
accounting for inventories. The warehousing of most enterprises is quite complex and consists of 
a network of warehouses with special devices and equipment for moving, handling, weighing, 
measuring, etc. 
The introduction of computer accounting in the process of processing primary documents may be 
one of the most effective ways to improve primary accounting. To ensure the safety of 
inventories, proper acceptance, storage, and distribution of valuables, it is important that the 
enterprise has a sufficient number of warehouses equipped with weights and measuring 
instruments. The methodology for organizing the accounting of material resources involves the 
choice of several methods. To choose a method, it is necessary to analyze the consumption of 
materials. The classifier should fully systematize the various materials available in warehouses. It 
should ensure the efficiency and reliability of quantitative accounting in the warehouse. 
Accounting principles are observed or not observed, which should be reported in the financial 
statements. For example, in the reporting year, the enterprise ceased or plans to cease its activities 
in the future (deviation from the going concern principle) That is, the continuity principle relates 
to past and/or future events and does not affect accounting in any way. The concept of 
"accounting procedures" is not disclosed in regulatory documents. Most researchers understand 
accounting procedures as a set of works and methods for their implementation. In practice, many 
procedures are used in accounting and reporting, but their disclosure is unlikely to be of interest to 
qualified users of financial statements. 
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