Duties/ Roles Responsibilities
• Collect cost information and maintain an expenses database
• Construct data accumulation systems
• Determine fixed costs (e.g. salaries, rent, and insurance)
• Plan and record variable costs (e.g. purchases of raw material and operations costs)
• Review standard and actual costs for inaccuracies
• Prepare budgeting reports (for the company and for each department)
• Analyze and report profit margins
• Prepare (monthly, quarterly and annual) cost forecasts
• Assisting in month-end and year-end closing
• Identify and recommend cost-effective solutions