Cost Accountants

A Reputed Spinning mills

Summary

• Vacancy: 1
• Location: Dhaka
• Published: 25 May 2025

Requirements

Education

• ICMA background, part qualified.

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.

Employment Status

Full Time

Job Location

Dhaka

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