Accounting in concrete business organization, which is engaged in purchase and sale of agricultrural and municipal technique

In my bachelor thesis I dealt with problems of inventory and goods in detail, in a chosen company, whose main business activity is purchase and sale of goods in agriculture. The main object is characterize the general principles of accounting for inventory, especially of goods, and compare them with methods and procedures of the organization. The purpose of the theoretical part was to characterize the inventory, its division, the ways of assessing, and to define the concepts of stock records and accountancy. The practical part is based on theoretical knowledge; first of all focused on the goods themselves. The company whose accounting and ways of assessing goods I inquired into, uses two types of methods. It assesses spares using a weighted arithmetic average and machines using a FIFO method. I interested to find out whether using these methods is really profitable and therefore I formulated a practical example. According to my results, the company should use the FIFO method for its spares, too. Further I have been interested in how it works in their stock and how accounting department cooperates with the stock