Accounting and Audit of Commodity Operations in Retail Trade

The project proposal of the economic research is devoted to studying the commodity operations. The general purpose of this project is to examine accounting and audit of commodity operations and develop information and methodological support of commodity operations in retail trade. The attention in the present study was primarily paid to the practical side of the issue with the support of theoretical knowledge. The investigation operates with such terms as internal control, sales returns, inventory, materiality, trade discount. For practical reasons the present study will resort to practical questions. Do the elements of accounting policy on the financial results of the company? How to organize the accounting system to improve efficiency an accountant? Which way to evaluate the internal control system? How to create an audit program to take into account all features of accounting of commodity operations? Here the emphasis is not so much on theoretical aspects but rather on actual business situations in the specific company.In the framework of the project a number of specific tasks were achieved such as:- systematized of the studied information on the organization of accounting and audit of commodity operations.- examined the organization of accounting in the company- propose ways of improving the accounting and prove it analytically- developed a document circulation concerning commodity operations- analyzed several methods of transportation costs in their effect on financial result- evaluated the internal control system of Kants-Torg is expected to be average- develop the plan and the audit program commodity operations- test audit procedures at the companyThe methods used in carrying out the study are powerful tools such as analysis and synthesis, the accounting method, the collection of primary and secondary data, induction and analog simulation, survey, the linguistic method.Speaking about a novelty of the study it is significant to mention that although those issues have been analyzed and discussed there is no comprehensive investigation of accounting and audit of commodity operations in retail trade.It should be noted that this research is designed for self-study students in the sphere of accounting. The investigation can be used as supplementary material students and accounting practitioner and auditors.