Job Detail
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Offered Salary 0
Job Description
Cost Accountant
Responsibilities
- Collecting and analyzing data about a company’s operational costs
- Setting standard costs of manufactured goods
- Developing and analyzing cost standards
- Advising executives and upper management on appropriate costing based on financial data
- Managing the company’s balance sheet and accounting books
- Supporting other company accountants with invoicing and capital expenditure
- Develop and maintain the cost accounting system, documents, and records of the organization.
- Analyze and recommend costs and cost savings.
- Prepare and complete internal cost audits.
- Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
- Analyze the data collected and log a detailed record of the results.
- Analyze any changes in goods or services provided to determine what effect it has on the cost.
- Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
- Make estimates of new and proposed product costs.
- Provide management with reports that specify and compare factors that affect prices and profitability of products or services.
- Assist in audits and general ledger preparation.
- Conduct physical inventories and monitor the cycle count program.
- Carrying out cost-volume-profit (CVP) analysis, including for small businesses
- Establishing costs of business processes such as administration, labour, shipping, etc.
- Performing account reconciliations
- Recommending changes to the company’s processes and policies to reduce cost and maximize profit