What does a cost accountant do? Employment opportunities for Cost Accountant.
Why is cost accountancy required? What does a cost accountant do?
Cost accountancy is required to plan, monitor and control the price of a product or service. It covers measurement, analysis and reporting of factors affecting the cost of acquiring or using the resources.
A cost accountant analyses cost and finds out ways to reduce it.
What employment opportunities does cost accountancy offer?
With every corporate wanting to reduce their cost and stay competitive, the demand for cost accountants is on a rise. They play an important role in carrying out value analysis, segmental profit analysis and optimum use of resources.
Many professionals with cost accounting as their specialisation hold important positions in the companies like – Managing Director, Finance Director, Financial Controller, Cost controller, Chief internal auditor, Marketing manager, Chief accountant etc.