The importance of accounting control in inventories and its challenges

in hive-175254 •  last year 
It is no secret to anyone the variation and imbalance that exists in the world due to the effects of inflation that devour the economy from the macro to the micro, therefore, it is of utmost importance that all companies must have a good accounting control of their inventory.

Therefore, inventories must be governed by fast and effective systems that allow you to detect, the exact location, expiration date if any, exact amount of them among others.

These characteristics, which allow you to have a clearer vision of the strengths and weaknesses of the companies, in the management of inventories.

Therefore, the study and correct application of accounting control will allow companies in developed economies and emerging economies to have a better management of income from the analysis of sales and structure of the costs incurred to obtain them.

Therefore, accounting control will have the challenges of minimizing the accelerated increases due to inflation and also the loss of consumer purchasing power, i.e. to seek a balance where it is beneficial and productive for both parties.

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