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Features of Cost Accounting: Using of Accounting Systems
To recruit a full-time person for reporting is usually not lucrative. Therefore a more advantageous for them is to order cost accounting at the specialized office or individual accountant. Accounting systems assist to do all sought-for calculations in the shortest time and as accurately as possible. Usually, accounting controller does this work. He has a staff of bookkeepers (at least one who fulfillment “rough” work). Otherwise, he does all the work himself.
Accounting Control: Function of Employee
The direct duties include: control of the timeliness of reporting;
- check the documentation for its compliance with modern standards;
- work on optimizing and increasing the degree of reporting;
- inspection of execution the cash commitments, payments on loans, wages and so on.;
- searching and fruition of tools that allow the risks reducing and refining of the financial control.
These charges may vary according to company size. In small firms the controller assumes the charges of bookkeeper too. In large corporations the duties often are divided for two or more teams.
Accounting Control: Job Opportunities
Requirements for the applicant significantly depend on company’s popularity, focus of the working and size. Minimum education for accounting control jobs is a bachelor’s degree directly in accounting or (as admissible variant) in business administration. The presence of the following items is also welcomed:
- experience in this field (including the booker's post);
- presence of diplomas and certificates;
- the ability to work out the schedule on weekends.
The significant advantage is praxis in the bookkeeping abroad. In addition, it is necessary to learn new software equipment that is practiced for recounting.
Accounting controller salary and perspectives in the area
Despite the considerable liability the average worker salary in the field is not large. For example the average annual salary of an accountant is $48k. Senior accountant gets for about $15k more. Accordingly the latest data of the BLS number of jobs will grow. Increasing in the area is projected at 16%. This job is well suited for those who do not falter before the routine work that demands constant attention and concentration.