International Experience of Mechanisms for the Development of Management Accounting for Inventory Management and Its Application in Kazakhstan

The article discusses the mechanisms for the development of management accountingManagement accounting for inventory managementInventory management, from the point of view of applying international experience in Kazakhstan. Foreign experience in supply planning and determining the optimal inventoryInventories level, in our opinion, is an important point in purchasing and supply managementManagement. The relevance of developing a methodology for obtaining economic benefits from the “procurement-supply processSupply process” is considered, highlighting the accounting objectAccounting object “purchase managementManagement” and “inventory managementInventory management”. The basis for effective procurement managementProcurement management is information in accounting about the availability of these stocks in the warehouse. In purchasing managementManagement in market conditions, warehouse costsCosts should be determined, planned, and relevant costsCosts considered. While exploring the issues of inventoryInventories accounting and inventory managementInventory management in market conditions, many authors focused on the issue of logistics managementManagement. Foreign scientists consider stocks mainly as goods. The definition of reserves has significant differences in relation to national accounting schools, which is reflected in national accounting and reportingReporting standards. Classification of inventoriesInventories in management accountingManagement accounting will create the opportunity to plan and account for the initial stage in inventory managementInventory management, the “procurement-supply processSupply process.” The four stages of the procurement and supply processSupply process required the development of a methodology for operational, internal costCosts accounting.