In: Accounting
The new CEO of Sena Manufacturing company ltd, with a
labour force of 250 workers and six
functional departments, had undertaken scoping operational
assessment of the company in the
third week of his resumption and in his initial assessment and
view, he argues that maintaining
both Cost Accountant and Financial Accountant amount to duplication
of functions and waste
of scare resources of the company. You are required as the current
Cost Accountant with
the company for over seven (7) years, submit in a memo, strategic
role you are discharging
in the company.
A
As cost accountant i has been working in the organisation for last 7 years and performing the following key responsibilities:-
1) Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
2) Analyzing data collected and recording results
3) Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
4) Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
5) Recording cost information for use in controlling expenditures
6) Analyzing audits of costs and preparing reports
7) Making estimates of new and proposed product costs
8) Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
9) Maintaining Cost Accounting System
10) Assisting in Month end close of the General Ledger
11) Conducts physical inventories and monitors cycle count program
12) Reconciles finished goods inventories
Also for your kind information, at the time of joining the organisation i was carrying the following experience, skill & qualification:-
1) Minimum of 2 solid years of Cost Accounting in a Manufacturing Environment
2) Bachelors Degree in Accounting
3) Must have a strong Cost systems background and have excellent analytical skills; sound understanding of accounting principals.
4) Computer Literate – Strong Excel skills and the ability to use Outlook and Word
5) Experience with MAPICS a plus
6) Experience working with engineering and manufacturing personnel on development and analysis of cost standards
7) Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports
Consudering my above key responsiblity area it is crystal clear that my job profile specfic one that is totally differenct from other job profile and hence not comparable.