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