Experience of Inventory Management Accounting in a Number of Countries in the World — Lessons Learned for the VietnameseManufacturing Enterprises in Integration Period

Abstract: In enterprises, inventory always plays a very important role in the process of production and business activities. For good management of cooperatives, there must be an effective combination between functional departments in the enterprise, in which management accounting is an important management tool indispensable for administrators. Management accounting provides managers in the enterprise with regular information on each type of cooperative system, assessing the current status and economic efficiency that they bring in each business period to ensure the medium of production continuous production while saving storage costs at the most reasonable level to operate business efficiently. However, inventory management accounting in VietNamese enterprises is still a relatively new content, so the organization and implementation process is still inadequate and embarrassing, resulting in incomplete, timely and unresponsive information meet the management requirements for this important asset division of the business (Pham Thi Tuyet Minh, 2015). It is therefore necessary to study the application of inventory management accounting in some developed countries in the world such as Japan, France, USA to draw lessons for the Vietnamese manufacturing enterprises in integration period.

Key words: experience; enterprise; inventory; inventory management accounting; integration period

JEL code: M410