Research On Waste Loss Accounting Of LS Cable Company Under Material Flow Cost Accounting Model

With the rapid economic development,the deterioration of the environment and the shortage of resources have become more and more obvious The country attaches great importance to these issues and has issued many related policies one after another.Material flow cost accounting is a new type of cost accounting method that tracks the flow and transformation of various substances in the entire production process,and lists them in the form of physical objects and amounts,so that related cost losses are visualized and information is transparent.The difference between material flow cost accounting and traditional cost accounting is that the production line is divided into several mass centers according to the production links and the actual situation,and the production cost is divided into positive product costs and negative product costs.Through the calculation of the positive and negative product costs of each volume center and data analysis,it helps companies find links with high resource consumption and propose optimization plans to improve resource utilization,the company can ensure economic benefits while taking into account energy conservation and emission reduction work.As a typical manufacturing enterprise,The resource utilization rate of LS Cable Company is low,and the loss of waste products is large,which has also caused serious pollution to the environment.This article selects LS Cable Company as a case enterprise,uses material flow cost accounting to calculate and analyze the relevant costs of the enterprise,finds the key points in the production process that urgently need to be improved to achieve the goal of energy saving and consumption reduction.At the same time,there are many unreasonable aspects in the current waste loss accounting of enterprises,such as narrow accounting scope and unclear value confirmation.Based on the related concept of "negative product cost" in material flow cost accounting,reconstruct the scope of waste loss,collect and disclose the waste loss of enterprises more scientifically and rationally,and make new accounting treatments.The first part of the article is to sort out the basic theories and application of material flow cost accounting at home and abroad,as well as the related theories of waste loss,which provides strong support for the research of this article.The second part is to analyze the traditional cost of LS Cable Company(including the current situation of waste loss accounting)through the use of field research methods.The article puts forward the problems in the company’s traditional cost(including waste loss)accounting and collects and organizes related cost data.The third part is to analyze the necessity and feasibility of LS Cable Company’s application of material flow cost accounting.And then under the material flow cost accounting mode,the relevant costs of LS Cable Company are calculated,and the positive and negative product costs generated by the product in each production link are calculated and calculate the products produced in each production link.The positive and negative product cost;again,analyze the cost of each production link and perform new accounting treatment on the company’s waste loss;then,analyze the accounting results of related costs based on different perspectives,and apply material flow costs Comparing and analyzing waste product loss accounting before and after accounting,to achieve the expected effect of using material flow cost accounting for waste product loss accounting,that is,to find the key points of cost improvement for enterprises,quantify waste loss in the production process,and facilitate corporate management.Finally,in order for companies to better apply and promote material flow cost accounting,specific safeguard measures are proposed.