One can find, Account Executive, Charter Accountant, Cost accountant, Business Analyst, Accounting Clerk, Account Manger etc. in any organization, looking after the complete organizational financial records, financial audits and accounts.

Accounting Resume Summary

In cost accounts supply chain is translated to financial values. The types of cost accounts include standardized accounting, lean accounting, activity based accounting, resource consumption accounting, throughput accounting and cost-volume-profit analysis.

The procedure of Cost Accounting

To procure the cost accounts, the business is assimilated to cost centers and the activities of each cost center are noted along with cost for each activity. Production costs, material costs and overhead are incurred for the run schedule.

Cost Accounting Concepts

Materials, labor and expenses are three elements of cost accounts. Expenses could be direct or indirect. Indirect material and indirect labor form indirect cost.

Fixed cost, variable cost and semi variable costs are important in understanding cost behavior.