3. International Experience of Mechanisms for the Development of Management Accounting for Inventory Management and Its Application in Kazakhstan

The article discusses the mechanisms for the development of management accounting for inventory management, from the point of view of applying international experience in Kazakhstan. Foreign experience in supply planning and determining the optimal inventory level, in our opinion, is an important point in purchasing and supply management. The relevance of developing a methodology for obtaining economic benefits from the “procurement-supply process” is considered, highlighting the accounting object “purchase management” and “inventory management”. The basis for effective procurement management is information in accounting about the availability of these stocks in the warehouse. In purchasing management in market conditions, warehouse costs should be determined, planned, and relevant costs considered. While exploring the issues of inventory accounting and inventory management in market conditions, many authors focused on the issue of logistics management. Foreign scientists consider stocks mainly as goods. The definition of reserves has significant differences in relation to national accounting schools, which is reflected in national accounting and reporting standards. Classification of inventories in management accounting will create the opportunity to plan and account for the initial stage in inventory management, the “procurement-supply process.” The four stages of the procurement and supply process required the development of a methodology for operational, internal cost accounting.