How to do cost accounting?

Generally speaking, industrial enterprises are not much different from commercial enterprises. Cost accounting personnel should do the following:

1. Collect bill of materials and receipt documents, interface with warehouse material accountant or storekeeper/warehouse bookkeeper, and do a good job of coordination. ?

2. Determine the most suitable material cost calculation method for your company: FIFO method, LIFO method, weighted average method, etc. ?

3. Establish material subsidiary ledger and determine product classification. ?

4. At the end of the month, according to the list of materials issued and purchased, summarize the total amount and check it with the warehouse material accounting. ?

5. Determine the unit cost and balance cost according to the calculation method. ?

6. Make material budget, cost comparison and price difference analysis at the end of the period. Control the production cost.

Extended data:

Content of cost accounting

Modern cost accounting broadens the connotation and extension of traditional cost accounting, covering a wide range of contents. According to the current knowledge of accounting circles in China, the basic contents of modern cost accounting are: cost prediction, cost decision-making, cost planning, cost control, cost accounting, cost analysis, cost assessment and cost inspection.

How to arrange and use the above resources, enterprises must plan the input and use of resources according to the tasks of enterprise production and operation, and measure the efficiency and benefit of these resources after they are put into use. This requires careful observation and analysis of the surrounding environment and internal conditions of the enterprise, fully grasping the correct information and perfecting the information system are the basis for making the cost plan.

At the same time, improving quality of enterprise and improving the business environment of enterprises are important conditions for improving the cost plan of enterprises. In order to improve the quality and environment, we must deepen the reform. According to the requirements of market economy, according to all links and projects of production and operation, according to the production and operation cycle, the cost budget and cost plan of all links and stages of production and operation are formulated respectively, forming an organic cost planning system.

References:

Cost Accounting _ Baidu Encyclopedia