Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
Prepare the yearly standard cost through collecting data to determine cost of business activities such as (Raw material purchases, components and labor …etc.).
Support the Marketing & Finance with Financial Reports including (P&L, Price structure & Target GPS) to develop a pricing bar to measure the yearly cost.
Manage day to day operations of the existing cost accounting function from management of current rates to monthly close and analysis to maintain the data accuracy and avoid the monthly deviation.
Perform the monthly closing activities Starting by preparation of the cost to operate statement along with supporting analysis to generate actual financial statement and generate the required reports.
Estimate all new projects through deep costing study to set accurate estimated cost for new projects through analysis to support the management with the accurate indications.
Review and activate BOM ”Bill of Material“ to make sure that their production routes and the material of consumption are accurate.
Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs to show the variance and provide the management team with the required analysis & indicators to take the right decision.
Analyzing changes in product design, raw materials, manufacturing methods or services provided to determine effects on cost.
Proactive analysis of variances and communicate of issues and opportunities to operations management to reflect the statuesque of costing “Favorable/ Unfavorable Deviation” to help the upper management take the right decision.
Track, analyze & report for major cost drivers to set the accurate cost for the products.