COMPETENCE OF SUBJECTS IN THE REGULATION OF INVENTORY
The discussion of the draft federal accounting standard "Inventory" demonstrated the existence of disagreements between its drafters and the professional community on the issues of inventory procedures, which necessitated the study of the differentiation of competencies of the regulation of the inventory procedure. The purpose of the study, the results of which are presented in the article, is to determine the competencies of subjects in regulating the procedure for conducting an inventory. To achieve this goal, two tasks were set: to determine the content of the concept of "inventory" and the purpose of its implementation in an economic entity and to establish the boundaries of regulating the procedure for conducting inventory for economic entities. The object of the study was inventory, and the subject was its regulation. The study was conducted on the basis of the application of methods of semantic analysis of definitions of the category "inventory" formulated by philologists and specialists in the field of accounting, normative analysis of acts regulating the procedure for inventory in business entities, formal logic. As a result of the conducted research, the definition of inventory was given, expanding its boundaries beyond the scope of verification. The article presents three main objectives of the inventory, determining its role in accounting and tax accounting, accounting and tax reporting, as well as in resolving controversial issues. The article also provides a justification of the competence of subjects in the regulation of inventory and suggests a solution to reconcile the contradictions between them on the regulation of the procedure for its conduct. The study is of a practical nature to increase the level of reliability of accounting (financial) reporting indicators by transferring authority to the management of an economic entity to establish specific rules for conducting inventory.