Accounting Staff

2 weeks ago

Pasig, Philippines I-Foods Group, Inc. Full time

Responsibilities

  • Accurate tracking of inventory levels (beginning inventory, purchases, ending inventory)

  • Implementing inventory valuation methods (e.g., FIFO, LIFO, weighted average).

  • Conducting regular inventory counts and reconciliations.

  • Identifying and recording all direct costs associated with production or procurement.

  • Allocating overhead costs to products or services accurately.

  • Maintaining detailed records of all cost transactions

  • Applying the appropriate formula to calculate COGS (e.g., Beginning Inventory + Purchases - Ending Inventory).

  • Ensuring accurate and timely calculation of COGS for financial reporting.

  • Preparing accurate income statements that include the COS/COGS figure.

  • Analyzing COS trends to identify areas for cost reduction.

  • Providing relevant COS information to management for decision-making

  • Reconciling inventory accounts with general ledger balances

  • Verifying that cost of sales calculations are accurate

  • Keeping meticulous records of all transactions that affect the cost of sales.

  • Ensuring that all records are compliant with accounting standards.

  • Doing other accounting related activities as assigned by the immediate head/management team

Qualifications

  • With Bachelor's degree in accountancy or any related course

  • Preferably with at least 6 months experience but fresh graduates are welcome to apply

Location: Oranbo, Pasig City

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