The economic and social context in Latin America since several years ago, makes managers and administrators of companies, assume special and transcendental decisions that immediately influence the economic and financial results of the companies.
The correct management of inventories makes companies competitive and highly efficient, since this translates into attractive profits at the end of the fiscal year, which is why it is very necessary for them to be able to face the high inflation that affects all types of companies with a market strategy.
It should be noted, especially those companies engaged in the sale of food, as they must constantly adjust prices, and this from the accounting point of view becomes a problem, even more so if there is some kind of price regulations as those raised in some countries.
Therefore, not keeping a correct accounting control over the inventory can have several consequences for the companies, since one of the main functions is to safeguard the accounting records, and consequently, in the absence of this, the probability of making unintentional or unintentional errors is higher, bringing as a consequence a high possibility of creating financial statements that do not reflect the real economic reality.
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