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Cost Accountant

3 hours ago

Biñan, Calabarzon, Philippines Amelco Desiccants Inc. Full time

DUTIES AND RESPONSIBILITIES OF MANAGEMNT ACCOUNTING:

  1. Cost Planning and Control

· Cost Analysis: Analyze direct and indirect costs, including raw materials, labor, and overheads, to

understand cost drivers.

· Cost Control: Monitor actual costs against budgeted costs and identify any variances, implementing

corrective actions when necessary.

  1. Costing and Pricing

  2. Product Costing: Determine the cost of producing products, including fixed and variable costs, and allocate them accordingly.

  3. Pricing Decisions: Assist in setting product prices by providing cost data and ensuring the prices are competitive and profitable.

  4. Cost Behavior Analysis: Assess how fixed, variable, and semi-variable costs behave as production levels change.

  5. Financial Analysis

  6. Profitability Analysis: Analyze the profitability of individual products, product lines, and the overall business.

  7. Variance Analysis: Identify and analyze any differences between budgeted and actual performance, explaining the reasons behind those variances.

  8. Break-even Analysis: Calculate break-even points to determine the sales volume required to cover costs and start making a profit.

  9. Internal Controls and Compliance

  10. Internal Controls: Develop and monitor internal control systems to safeguard company assets and ensure the accuracy of financial information.

  11. Compliance: Ensure the company complies with financial regulations and reporting standards, including tax laws and accounting principles.

  12. Performance Measurement and Management

  13. Operational Efficiency: Identify opportunities to improve processes, reduce waste, and enhance overall productivity.

  14. Benchmarking: Compare the company's financial and operational performance against industry standards or competitors.

6. Risk Management

  • Risk Identification: Identify and assess financial and operational risks that could impact profitability and operational efficiency.
  • Mitigation Strategies: Develop strategies to minimize risks, such as hedging against raw material price fluctuations or diversifying the supplier bas