What does a Cost Accountant do?
A cost accountant often works in the accounting department of a company to prepare financial records, such as cost analyzes and monthly budget reports. A successful cost accountant has the excellent analytical skills necessary to manage vast amounts of numerical data to calculate profit margins and recommend ways for an organization to minimize their costs. They also need a keen eye for details to update information regularly into accounting software programs and spot inaccuracies.
In general, cost accountants study in the fields of accounting or finance to achieve a minimum of a Bachelor of Science degree. Some will work in a public accounting firm or may manage multiple clients by means of their own independent practice. To excel, a cost accountant should be proficient in computer skills, creating databases, and be able to help an organization to establish a stable budget within their specifications.
Cost Accountant Salaries
Average Base Pay
Cost Accountant Insights
“Nice place to work everyone working towards a common goal to deliver the best quality patient care”
“plus medical insurance which is also not the best”
“Can bring your dog to work and people can be friendly.”
“Good performance is not rewarded financially.”
“Salaries/day rates not competitive.”
“Good benefit overall.”
“Directors were career men and there wasn’t much room to grow into.”
“Workday software is not the best”
Cost Accountant Interviews
Cost Accountant jobs
Frequently asked questions about the role and responsibilities of a cost accountant
When working as a cost accountant, the most common skills you will need to perform your job and for career success are Microsoft EXCEL, General Ledger, Microsoft Office Suite, Powerpoint and GAAP.
- Management Accountant
- Accounting Manager
- Project Accountant
The most common qualifications to become a cost accountant is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.