Cost Accountant Job Description

October 1, 20111 Comment

Cost Accountant Job Profile and Description

The cost accountant basically calculate the costs before launching any product and services by the company .Every company needs to get profit in the cut throat competition environment .There are various types of cost is required to be calculated in a company or an organization. Instantly if company is manufacturing any product then it has to calculate the cost of the product before manufacturing. Basically company has to calculate the cost of production so that they can calculate whether they can sell the product profitably or not so as in any service providing company, before launching any new kind of service, the company has to calculate the cost of the service.

Cost Accountant Duties and Responsibilities

  • The prime duty of a cost accountant is to calculate the cost of any product launch by the company, any service or function or any other thing.
  • The job of a cost accountant is a very crucial job and as it is related to company’s financial matter so it is very necessary that cost accountant should do the job flawlessly otherwise serious problems can arise.

Cost Accountant Skills and Specifications

  • If someone wants to do the job of a cost accountant then he or she need to have a great skill in accounting. This job also needs excellence because it is a very tough job and only expert can handle this.
  • As it is the job based on calculation then it is needed to have great skills and knowledge in mathematics because the whole job is based on mathematics.
  • A cost accountant also needs to have leadership quality also as there would be many fellow accountant will work with him or her and has to work in a team

Cost Accountant Education and Qualification

  • Basic degree :Applicant should be commerce graduate
  • A person having a master’s degree in cost accounting will be the most suited candidate for this job.

Cost Accountant Job Salary

  • The salary basically depends upon the company in which he or she is placed. Cost accountant’s salary also depends upon other various factors such as the experience of the person and how better salary he or she would get as a cost accountant.. The salary generally comes in a range of $3000-$7000 monthly.

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