Collect cost information and maintain an expenses database
Construct data accumulation systems
Determine fixed costs (e.g. salaries rent and insurance)
Plan and record variable costs (e.g. purchases of raw material and operations costs)
Review standard and actual costs for inaccuracies
Prepare budgeting reports (for the company and for each department)
Analyze and report profit margins
Prepare (monthly quarterly and annual) cost forecasts
Assisting in monthend and yearend closing
Identify and recommend costeffective solutions
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