Collect cost information and maintain an expenditure database
- Building data accumulation systems for the organization
Fixed costs (such as salaries, rent, and insurance)
Plan and record variable costs (eg raw material purchases and process costs)
- Review the standard and actual costs of the institution
- Preparing budget reports (for the institution and for each department separately)
Analyzing and reporting profit margins for the organization
- Preparing monthly, quarterly and annual cost forecasts
- Assist with month end and year end closings
- Identify and recommend cost-effective solutions and direct expenditures of the organization
