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Career Opportunities in Cost Accountancy
20-05-2013, 06:06 PM
Post: #1

Career Opportunities in Cost Accountancy

What is Cost Accountancy?

Cost accountancy is essentially required for planning , monitoring and controlling the cost and price of a product or a service. It involves measurement, analysis and reporting of information relating to the costs of acquiring or using resources in an organisation. Thanks to the growing competition in the corporate sector, the role and importance of cost accounting has increased manifold. Broadly stated, the job of a cost accountant essentially consists of closely analysing costs and devising ways to reduce it.

What Employment Opportunities Does Cost Accountancy Offers?

Business managers are increasingly becoming aware of the vital contribution that cost and management accountancy services can make in order to help them achieve their goals. This has accentuated the demand for professionals in this field in all sectors of the economy. Many members of the Institute of Cost Accountants hold top management positions such as managing director, finance director, financial controller , chief accountant, cost controller , marketing manager, chief internal auditor, CEO, CFO in various companies.
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