Costing & Budgeting Section Head

Data Collection

• Construct data accumulation systems for a cost accounting system
• Create and review the controls needed for data accumulation and reporting systems
• Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.

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 to locate and dispose of obsolete inventory

Analysis

• Analyzing data collected and recording results
• Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
• Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
• Conduct ongoing process constraint analyses
• Report on Break-even 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.
• Recording cost information for use in controlling expenditures
• Analyzing audits of costs and preparing reports
• Making estimates of new and proposed product costs
• Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Maintaining Cost Accounting System
• Assisting in Month end close of the General Ledger