Cost Accountants

2 weeks ago

Dhaka, Dhaka, Bangladesh A Reputed Spinning mills Full time $60,000 - $80,000 per year

Requirements

Responsibilities & Context

  • Preparing monthly and quarterly accounting reports for submission to management

  • Generating quarterly reports for senior management based on an inventory reserve analysis

  • Suggesting changes to procedures and policies to increase the organization's cash flow

  • Analyzing organizational data and reviewing rates of labor, overhead and depreciation to recommend policy changes that may improve numbers

  • Establishing the standard costs of products and services and updating them based on the associated expenses

  • Assessing variable costs that change with production and fixed costs that remain constant to optimize cost structures.

  • Creating budgets, incorporating marginal costs to forecast financial performance and advise on cost control.

  • Tracking direct costs such as raw materials and labor directly associated with production, helping businesses understand product-specific expenses.

  • Monitoring indirect costs, like overheads and administrative expenses, to assess overall financial health and allocate resources efficiently to control costs.

  • Analyzing production costs and prepare reports that support the creation of the income statement, ensuring that all direct and indirect costs are accurately reflected to determine the company's profitability.

  • Conducting variance analysis by comparing actual costs to budgeted or standard costs, identifying reasons for discrepancies, and providing insights to management for cost control and operational efficiency.

  • Valuation of inventory and production costs to ensure accurate financial reporting and compliance with accounting standards.

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