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 in order 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.
Collect cost information and maintain an expenses database
Construct data accumulation systems
Determine fixed costs (e.g. salaries, rent and insurance)
Plan and record variable costs (e.g. purchases of raw material and operations costs)
Review standard and actual costs for inaccuracies
Prepare cost budgeting reports
Analyze and report profit margins
Prepare (monthly, quarterly and annual) cost forecasts
