diff --git a/addons/stock_account/product.py b/addons/stock_account/product.py
index 807c5bc08fc..cdab10af624 100644
--- a/addons/stock_account/product.py
+++ b/addons/stock_account/product.py
@@ -142,11 +142,6 @@ class product_template(osv.osv):
             help="When doing real-time inventory valuation, counterpart journal items for all outgoing stock moves will be posted in this account, unless "
                  "there is a specific valuation account set on the destination location. When not set on the product, the one from the product category is used."),
     }
-    
-    _defaults = {
-        'valuation': 'manual_periodic',
-        'cost_method': 'standard',
-    }
 
 
 class product_category(osv.osv):
diff --git a/addons/stock_account/stock_account_data.xml b/addons/stock_account/stock_account_data.xml
index 4dea1742498..8723d11c9d3 100644
--- a/addons/stock_account/stock_account_data.xml
+++ b/addons/stock_account/stock_account_data.xml
@@ -22,7 +22,7 @@
         </record>
         <record forcecreate="True" id="default_valuation" model="ir.property">
             <field name="name">Valuation Property</field>
-            <field name="fields_id" search="[('model', '=', 'product.product'), ('name', '=', 'valuation')]"/>
+            <field name="fields_id" search="[('model', '=', 'product.template'), ('name', '=', 'valuation')]"/>
             <field name="value">manual_periodic</field>
             <field name="type">selection</field>
         </record>