A Cost Accountant , or Cost Analyst, is a financial professional who’s responsible for assessing business expenses and preparing optimized budget plans for their employer. Their duties include reviewing financial records, researching the market rate for key business costs and adjusting the company ledger to accurately reflect balance sheets.
A Cost Accountant کو مختلف فرائض اور ذمہ داریاں نبھانے کے قابل ہونا چاہیے۔ ذیل میں کچھ فرائض اور ذمہ داریاں ہیں جو ایک Cost Accountant کو انجام دینے کے قابل ہونا چاہئے:
- Collecting and analyzing data about a company’s operational costs
- Setting standard costs of manufactured goods
- Developing and analyzing cost standards
- Carrying out cost-volume-profit (CVP) analysis, including for small businesses
- Establishing costs of business processes such as administration, labor, shipping, etc.
- Performing account reconciliations
ایک مسابقتی Cost Accountant کے پاس کچھ مہارتیں اور قابلیتیں ہوں گی، بشمول:
- Advanced knowledge of mathematics and statistics
- Understanding of organizational accounting concepts
- Strong financial analysis skills
- Ability to prepare financial reports and give recommendations based on available data
- Superior knowledge of financial reporting software tools and ERP software
- Ability to perform risk and security assessments
