FAS 28/2023: Obligatory Inventory

The issues of obligatory inventory based on the requirements of FAS 28/2023 «Inventory» (hereafter referred to as FAS 28/2023) seem to be particularly relevant preparatory to the annual accounting (financial) statements. The provisions of the standard are discussed in this article that apply in cases of obligatory inventory, identifying changes, problematic and controversial issues, and analyzing the consequences of applying the relevant standards. Focus on obligatory inventory, its documents. The study is of interest in connection with the transition to FAS 28/2023 and the need to carry out an inventory when preparing the annual accounting (financial) statements based of its requirements.