The “Inventory Policy for Assets and Liabilities” sets out goals, triggers and frequency of inventory counts, roles and powers of the commission, preparation and physical count procedures across asset and liability classes, required primary forms, reconciliation statements, and accounting of results in compliance with Russian accounting law (402‑FZ), Ministry of Finance guidelines No. 49, and FSBU standards.

It ensures reliable bookkeeping and financial reporting, mitigates fraud and error risks, and unifies warehouse and ERP inventory procedures.

When it is used Applicable before year-end reporting; upon change of CEO, chief accountant or materially responsible staff; when discrepancies, theft or damage are detected; during reorganization or liquidation; after emergencies (fire, flooding, etc.); when migrating to a new ERP/WMS; prior to external audit; and on management’s request.