• Conduct cost analysis and prepare cost reports to monitor and control product costs, including raw materials, labor, and overhead expenses.
• Create product, and BOM in ERP system.
• Assist in the development and implement of cost accounting systems, processes, and procedures to ensure accurate recording and reporting of costs.
• Perform regular inventory analysis, reconcile inventory records, and ensure proper valuation of inventory in accordance with accounting principles and regulations.
• Collaborate with cross-functional teams, including procurement, production, and finance, to analyze and optimize cost efficiency and identify areas for cost reduction or process improvement.
• Assist in the preparation of budgets, forecasts, and financial plans related to cost analysis, providing insights and recommendations to support financial decision-making.
• Participate in month-end and year-end closing processes, ensuring accurate allocation and accounting of costs and variances.
• Collaborate with the accounting team to ensure proper costing of products, accurate job costing, and adherence to cost accounting standards.
• Support internal and external audit processes related to cost accounting, providing necessary documentation and explanations as required.
• Stay updated on industry trends, cost accounting practices, and regulatory changes, and propose and implement improvements to enhance cost control and reporting.