Job Details
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Job Description
- The cost accountant position is accountable for the ongoing analysis of process constraints, target costing projects, margin analysis, and tracing costs back to underlying activities.
- The cost accountant must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.
Principal Accountabilities:
Data Collection
- Construct data accumulation systems for a cost accounting system
- Create and review the controls needed for data accumulation and reporting systems
Inventory
- Coordinate physical inventory counts and cycle counts
- Investigate cycle counting variances and resolve issues
- Update standard costs in the bill of materials
- Review standard and actual costs for inaccuracies
- Validate the cost of goods sold as part of the month-end close
- Accumulate and apply overhead costs as required by generally accepted accounting principles
- Work with the materials review board to locate and dispose of obsolete inventory
Analysis
- Conduct ongoing process constraint analyses
- Report on breakeven points by products, work centers, and factories
- Report on margins by product and division
- Report on periodic variances and their causes, focusing in particular on spending variances
- Analyze capital budgeting requests
- Perform cost accumulation tasks as a member of the target costing group
