How Do I Become a Cost Accounting Manager?

The author of this book was the chief financial officer of a group company. He combined the actual work experience and the insights from mutual discussions with his peers, and used a large number of maps and charts to clearly present the cost accounting work that is considered difficult. This book not only tells the general items such as inventory accounting, cost accounting process, cost accounting method, cost accounting software, etc. that cost accountants must know, but also in the form of real people, real accounts, real things, real dialogues, from the perspective of actual combat Analyze various cost accounting problems in actual work and solve them.

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Practical training, synchronous tutoring videos, and utility kits to help you do cost accounting

Chapter 1 Why Everyone Thinks Cost Accounting Is Not Good 1

Chapter 2 What is Cost 6

2.1 Know the cost 6

2.2 What is inventory 6

2.3 What are raw materials?

2.4 What is in product 7

2.5 What is a semi-finished product 7

2.6 What is a finished product 7

2.7 What is turnover material 8

2.8 What are commissioned materials 9

Chapter 3 Cost Accounting 11

Chapter 4 Cost Account Setup and Accounting 13

4.1 Cost Account Setting 13

4.2 Cost Account Processing 14

Chapter 5 Basic Flow of Costing 20

5.1 Costing Process 20

5.2 Other Costing Processes 21

Chapter 6 Basic Methods of Enterprise Cost Accounting 23

6.1 What is the inventory accounting method 23

6.2 What Is Costing? 29

Chapter 7 Status Quo of Enterprise Costing 32

7.1 What kind of software is generally used for enterprise costing?

7.2 What Problems Will Occur in Costing 32

Chapter 8 Cost accounting for novices: the first day of employment, rumors and horror 35

8.1 What to do on the first day of entry for newbies 35

8.2 How to Understand the Enterprise on the First Day of Entry 36

8.3 What to do if a novice is facing cost mess 37

Chapter 9 Cost Accounting for Newbies: The Second Day of Onboarding and Understanding the Departments 44

9.1 From Which Department?

9.2 How to Understand 44

9.3 What to Know When Going to the Warehouse 45

9.4 Warehouse specific understanding process 45

9.5 Dealing with warehouse mess 48

9.6 Go to Production

9.7 How to Deal with Production

9.8 Is the boss really not paying attention to cost work?

9.9 How to find the advantages of various disadvantages of enterprises

9.10 Boss Solutions in Enterprises 77

9.11 What Difficulties Will Enterprise Production Department Give to Cost Accounting 78

9.12 Solutions to Enterprise Production Department Problems 79

9.13 Go to the production department to learn more about how to understand 80

9.14 Communication and understanding with production clerks 82

9.15 Statistical Study of Piecewise Wage of Production Department 86

9.16 Confirmation of Work-in-Progress of Production Department 91

9.17 Management of Waste and Loss in Production Department 92

9.18 Summary of Production Department Issues 93

Chapter 10 Novice Cost Accounting: The Third Day of Onboarding, Summarizing Work 100

10.1 Skills for Cost Accounting 100

10.2 Draw a flowchart and make a work plan 100

10.3 Determine the costing method of the unit

10.4 Where Does Costing Start? 102

10.5 How to Get Inbound Data and Data Management by Various Costing Methods 104

10.6 Various Costing Methods and Forms

10.7 Specific Links of Various Costing Methods and Related Account Processing 118

Chapter 11 Novice Cost Accounting: Fourth Day onboarding, Summarizing Work 143

Chapter 12 Practical Costing: Accounting Entries and Business Carding at Each Step 166

12.1 The Batch Method

12.2 Step by Step

Chapter 13 Case Study: What Costing in Books Is for an Enterprise 173

13.1 Variety Law

13.2 The Batch Method

13.3 Step by Step

Chapter 14 Development of Cost Work after Four Days of Novice Entry: Report Work Plan, Implement Work Plan 203

Chapter 15 How to Complete Cost Work Independently in the First Month of Novice Work 205

15.1 Work from July 26 to July 31 205

15.2 Work from August 1 to August 27 205

15.3 Work from August 28 to August 31 205

15.4 Work from September 1 to September 5 206

Chapter 16 Teach You How To Learn Cost Accounting System 207

Cost Accounting Learning Outcome Test 207

Appendix 16A Enterprise Costing System 207

Appendix 16B Cost Accounting System Reference 1209

Appendix 16C Cost Accounting System Reference 2219

Chapter 17 Preparation of Cost Reports

Chapter 18 Cases of Cost Actual Work 244

18.1 Case Background (see Figure 18-1)

18.2 Cost work (see Figure 18-2) 245

18.3 Cost of work carried out step by step (see Figure 18-3)

18.4 Formulation of cost accounting system (see Figure 18-4) 247

Cost Accounting Synchronous Tutorial Video Content Overview 248

The first part of the enterprise production business process combing

This section focuses on the reader:

1. What are the general production-related departments of industrial enterprises? What do these departments do? What is related to financial costing?

2. What is the product production process in an industrial enterprise? The videos are explained by batch method, variety method, and step-by-step method.

3. What are the tables and bills related to cost accounting in industrial enterprises? Which departments provide them and when? What are the general requirements when providing?

4. How does the company use raw materials for production? What should I pay attention to when issuing the picking list? How is the picking list data aggregated to prepare for subsequent costing?

5. How is production returned in the enterprise? What about production rejects? What impact does it have on accounting costs?

6. How does the production in the enterprise handle the storage of finished products? What should I pay attention to when storing finished products?

7. What warehouses are involved in production in the enterprise? What are their respective uses?

8. What are the common methods of cost accounting in enterprises? What are the connections and differences between them? How to tell which costing method is most suitable for your own company?

9. What information should the enterprise prepare for costing?

Part II Practical Training of Enterprise Costing

1. Practice how the company's cost accounting organizes raw material picking data, labor cost data, and manufacturing expense data.

2. Practice how to design a business costing form.

3. Practice how to allocate raw material costs, labor costs, and manufacturing costs in the enterprise.

4. Combined with the practical exercises of cost accounting, learn how to make accounting entries for each step of cost accounting in industrial enterprises.

Part III Enterprise Costing Exercises

Simulate an enterprise, and the readers will independently determine what costing method this company is suitable for, design costing forms, write costing accounting entries, organize costing, write the content of information to be obtained, and write where to get it. ^[1]

Combat training

Sync Tutorial Video

Utility Kit

Help you do cost accounting

The biggest feature of this book is to clearly show the cost accounting work that finance staff thinks is more difficult, combining the actual work experience and the insights from mutual discussions with colleagues. My purpose is to give you a refreshing feeling and work with you to solve practical work problems.

Through the study and practice of this book, you will:

1. Find the real reasons and solutions for cost accounting in your business.

2. Learn the various practical operations necessary for cost accountants, such as inventory accounting, cost accounting processes, cost accounting methods, cost accounting software, etc. Note that this book is not only about theory. I use a large number of maps and charts to intuitively present the problems that were originally obscure.

3. If you are a person who has never done cost accounting, after reading this book, you can immediately understand what the cost accounting work of an enterprise looks like. Once again, the content of this book comes from practice, and you have to follow along.

4. It is not enough to just know the current status of cost accounting in an enterprise. This book also takes you from a practical perspective to analyze one by one the various problems and solutions in the actual work of cost accounting.

5. In the form of real people, real events, and true dialogues, this book shows how to understand the process step by step, how to carry out cost accounting step by step, and how to open the situation step by step. The book also comes with a specific work plan to help you further your cost accounting work.

6. This book also analyzes the differences between the theory and practice of cost accounting. If you are a student at school or have not worked in cost accounting, be sure to look carefully!

7. The book specifically introduces how to formulate a cost accounting system. It is recommended that you do not ignore it. I explained without reservation how to set up a cost accounting system. My explanation method is relatively easy, you can learn it as soon as possible.

8. The above content is not enough, so in the end I also prepared various cost forms for you, which can be used. In addition, I also wrote a real cost accounting work case, which is also presented in the form of a map.

A good book comes from practice and is above practice. A lot of the content of this book comes from my actual experience of doing financial work in enterprises, training lectures during lectures at Lihan Accounting Practical Network College, and questions and answers to discuss with front-line personnel in cost accounting. I revised the manuscript several times and wrote it carefully. I personally and more than 20 preliminary draft readers believe that this book is very grounded, because a lot of content comes from live examples provided by front-line personnel (including myself) in cost accounting. Although this book is written for cost accountants, because many larger companies also have many problems in cost management, so this book is also a must-have book for financial executives. I believe you will definitely learn from this book. It has benefited a lot.

I wish you a happy study and a successful career.

Zhang Qiuli

October 2016 ^[1]

Zhang Qiuli

The founder of Lihan Accounting Practical Network College, the founder of Jin Chan Financial Consulting, and the behind-the-scenes consultant of the financial officer of a listed company on the New Third Board.

He once served as the chief financial officer of a group company, successively worked at Ruihua Certified Public Accountants and many large enterprises, and concurrently served as financial advisor to many enterprises. He has authored best-selling books on financial management such as "How to Become a Good Financial Supervisor", "Follow Me Real Accounting and Practical Accounting" and "Follow Me Real Accounting and Practical Cost Accounting". ^[1]