1 Analyze fixed costs (e.g. salaries, rent, and insurance) and variable costs (e.g. purchases of raw material and operations costs) to allocate the cost.
2 Analyze profit margins to monitor cost efficiency.
3 Identify and recommend cost-effective solutions to meet the company`s objectives.
4 Maintain and update data accumulation systems for a cost accounting.
5 Prepare (monthly, quarterly and annual) cost forecasts to meet the company`s objectives.
6 Develop and establish standard working rates (hour – item), reporting systems, and procedures in addition to any other related cost data or to effect cost reduction.
7 Assess the cost-effectiveness of products, services and tracking actual costs relatively.
8 Report on, margins, and variances by Segments and branch
9 Monitor and analyze the cost of items sold as part of the month-end close.
10 Support and guide decision-making regarding cost-efficiency enhancement.