What are the traditional methods of financial accounting

Accounting methods are complete, continuous, systematic reflection of accounting objects (accounting elements) and supervision of the methods applied, mainly including the following seven.

1, set up accounting entries, is the specific content of the accounting object classification accounting method. The so-called accounting accounts, is the specific content of the accounting object to categorize and account for the project.

2, double-entry bookkeeping is a method of bookkeeping in contrast to single-entry bookkeeping. This method is characterized by an equal amount for each economic operation, and at the same time recorded in two or more relevant accounts.

3, fill in the audit vouchers, accounting vouchers is to record economic operations, clear economic responsibility for the written proof, is the basis for registering the books. Vouchers must be audited by the accounting department and relevant departments.

4, register books, books are used to comprehensive, continuous, systematic recording of economic operations of the book, is an important tool for preserving accounting data. Registration books is the brokerage business recorded in the accounting vouchers, sequential, categorized into the relevant books set up in the various accounts.

5, costing refers to the process of production and operation, according to a certain object collection and distribution of various costs incurred, has determined the total cost of the object and unit cost of a specialized method.

6, property inventory, refers to the physical inventory, check the accounts, to keep the accounts in line with a method. Through the property inventory, you can identify the property, materials and money custody and use of funds, as well as the settlement of transactions, supervision of the safety of all types of property and materials and rational use.

7, the preparation of accounting statements, generally is a process of data aggregation of economic operations.