MindManager tutorial: combining inventory knowledge with thinking guidance

1. Content

Figure 1: Inventory contents

Inventory includes three categories: products or commodities for sale, products in process and materials or materials reserved in the process of producing or providing services.

2. Determination of cost

Figure 2: Determination of Inventory Cost

Inventories shall be initially measured according to costs, mainly including procurement costs, processing costs and other costs, excluding deductible VAT input tax.

It should be noted that the following circumstances are not included in the cost, but included in the current profit and loss: the direct materials, labor and expenses that are not normally consumed are included in the non-operating expenses, and the general warehousing expenses, planned sorting expenses after warehousing, travel expenses of purchasing personnel and other expenses that are not in compliance with the regulations are included in the management expenses.

3. Pricing method of issued inventory

Figure 3: Pricing method of issued inventory

There are two pricing states when inventory is issued, one is planned cost and the other is actual cost.

In the actual cost state, enterprises can choose individual pricing method, first-in first-out method, month-end weighted average method or moving weighted average method according to their needs, among which first-in first-out method and month-end weighted average method are more choices.

Second, raw materials.

Raw materials are a kind of inventory.

Figure 4: Raw materials

If the actual cost accounting is adopted, what should be used? Raw materials? 、? Goods in transit? And other subjects. If you use planned costing, you should use? Material procurement? 、? Raw materials? 、? Material cost difference? And other subjects.

Third, the turnover materials

Turnover materials include packaging and low-value consumables.

Figure 5: Turnover materials

Where is the packing? Packaging of reusable materials? Accounting is divided into three categories: leasing, lending and sales with goods; Where are the low-value consumables? Turnover materials, low-value consumables? Under accounting subjects.

Four, commissioned processing materials

Entrusted processing materials are all kinds of materials, commodities and other materials that enterprises entrust other units to process.

Figure 6: Entrusting materials

The accounting contents mainly include allocating processing materials, paying processing fees and taxes, and recycling processing materials and surplus materials. There are three main aspects of the cost of entrusted processing materials, which are listed in detail in the guide map.

Verb (short for verb) inventory

Inventory goods are goods that have been sold by enterprises.

Figure 7: Inventory goods

There are many items in stock, which are listed in the guide map, so I won't repeat them here.

The accounting treatment of inventory goods is a key content, and there are two main steps. The first step is to check and accept the goods in storage, and then record the cost.

The second step is to issue goods. There are two methods, one is gross profit margin method, and the other is price and amount accounting method. Enterprises can choose according to their own needs.

Inventory check of intransitive verbs

The enterprise shall make regular or irregular inventory in accordance with the regulations.

Figure 8: Inventory check

What is used to check the inventory? Loss and overflow of pending property? Account, when inventory surplus is included in management expenses, when inventory deficit is reasonably allocated to management expenses, raw materials, other receivables and non-operating expenses according to actual responsibilities.

Seven. Inventory impairment

Due to the principle of accounting prudence, enterprises should make provision for inventory depreciation.

Figure 9: Inventory impairment

On the balance sheet date, according to the lower of the cost and the net realizable value of the inventory, the current inventory depreciation reserve shall be accrued according to the regulations and formulas.

What's the theme? Asset impairment loss? And then what? Inventory depreciation reserve? If the inventory appreciates on the balance sheet date, the accrued depreciation reserve can be reversed.

The guide map is finished for everyone. The following is the full map of the guide map.

Figure 10: inventory mind map

MindManager tutorial: using mind map to organize the contents of inventory knowledge points. Bian Xiao will stop here. Bian Xiao will continue to update more information about MindManager's mind map using skills and basic tutorials. I hope everyone can make better use of mind mapping.