A cost accountant is responsible to appropriately analyze, manage and summarizing of various costs related concepts and perform various operations on the management and are responsible for the financial management in India. They are given special provision in accounting sector. Colleges and universities provide accounts education for the students. People can also join coaching classes to be a cost accountant. The institute of chartered accountants of India (ICAI) has opened number of accounting institutes for the students. This field has numerous job opportunities and scope in many multinational organizations. The pay scale as a cost accountant is also very high. The cost accountant work is classified in two major areas:-



To be a cost accountant you are required to pass 10 class examinations with good marks. 10+2 exams should also be cleared. Candidates who have passed foundation course are required to apply for the intermediate course.

How to become Cost Accountant

Enrolling in the reputed institutes will be very helpful. They conduct various tests and exams based on the syllabus and provide training and various other strategies.

Job profile of Cost Accountant

Collating, analysing, and, checking spreadsheet data, Examining company accounts and financial control systems, Gauging levels of financial risk within organisations, Checking that financial reports and records are accurate and reliable, Ensuring that assets are safeguarded, Identifying if and where processes are not working as they should, and advising on changes to be made, Preparing reports, commentaries and financial statements, Liaising with managerial staff and presenting findings and recommendations, Ensuring procedures, policies, legislation and regulations are correctly followed and complied with and Undertaking reviews of wages are various work areas they are supposed to work on.

Salary Range for Cost Accountant

The starting pay pocket given to the freshers can be Rs 25,000 and can earn upto Rs 1lakh a month

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