An Exploration of Cost Accounting for New Hope Group’s Food Processing Business

Abstract

Cost accounting in food processing enterprises is a crucial link between production operations and strategic decision-making. This paper takes the development cycle of New Hope Group’s food processing business from 2020 to 2023 as the research object, systematically reviewing its cost accounting methods, processes, and cost structure characteristics, and conducting a case study using “Meihao Crispy Pork,” a blockbuster product with annual sales exceeding 1.3 billion yuan. The study finds that New Hope’s food processing business still has room for improvement in areas such as accounting accuracy, management mechanisms, informatization level, and divisional information disclosure. To address these issues, this paper proposes optimization suggestions from three dimensions: diversification of accounting methods, improvement of budget responsibility mechanisms, and digital transformation, aiming to provide a reference for cost management practices in similar food processing enterprises.