What are the methods of cost accounting? . .

The valuation methods stipulated in the inventory standards include FIFO method, weighted average method and individual valuation method. The weighted average method is divided into one-time weighted average method at the end of the month and moving weighted average method.

First-in first-out method is a method to determine the cost of issuing inventory according to the assumed cost flow order.

The weighted average method at the end of the month refers to the method of calculating the average unit cost of materials and other inventories with the quantity of each batch of goods purchased this month and the quantity at the beginning of the month as the weight when they are classified according to the actual cost. In other words, the weighted average unit cost is determined by the sum of the purchase quantity of this month and the quantity at the beginning of the month, and then the cost of the inventory issued this month and the inventory at the end of the month is calculated.

The moving weighted average method refers to a calculation method of calculating the new average unit cost immediately after each warehousing according to the inventory quantity and total cost.

Individual pricing method refers to the method of determining the individual cost or batch cost of inventory and each specific inventory or batch of inventory issued.

Individual valuation method generally requires two conditions:

First of all, the inventory items must be identifiable;

The second is to have detailed records to understand the specific situation of each individual inventory or each batch of inventory items.

The chart of accounts refers to the collection of accounting subjects that classify the specific contents of accounting elements according to the content of economic business and the requirements of economic management.

Accounting subjects are divided into general classification subjects and detailed classification subjects according to the degree of detail and control relationship of the information provided. General ledger accounts are those that classify the specific contents of accounting elements and provide general information, such as "accounts receivable" and "raw materials". Detailed classification subjects are subjects that further classify general classification subjects and provide more detailed and specific accounting information. For example, according to the debtor's name of accounts receivable, set up detailed accounts to reflect the specific object of accounts receivable.