Cost Accountant

A cost accountant is a senior position usually in a business that has things to cost out, that is mainly manufacturing but can also include other business sectors including, engineering, aerospace and the service industry in some cases. Duties of a cost accountant include planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labour, analysing data collected and recording results, analysing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost, analysing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs, recording cost information for use in controlling expenditures and analysing audits of costs and preparing reports.

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Last updated: October 25th 2016

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