FAS 28/2023: the Reflection of Inventory Results on Accounts

The relevance of the article is connected with the transition to the requirements of FAS 28/2023 «Inventory» (hereinafter — FAS 28/2023), because of the need of reflecting the results of inventory on accounts. The provisions of the standard which are governing the procedure for recording accounts according to the results of an inventory, identifying problematic and controversial issues and justifying the authors’ position on their resolution are contained in this a research. Attention is paid to classification of income and expenses related to the reflection of inventory results on accounts, foundation of records on account 94 «Shortages and losses due to impairment of assets» etc.