Cost Accountant Overview There are various types of accountants that perform specific duties. Cost Accountants, who ...
Cost Accountant Overview
There are various types of accountants that perform specific duties. Cost Accountants, who are also referred to as management accountants, private accountants, corporate accountants, industrial accountants or managerial accountants, record and analyze financial information for the companies they work for. The information they prepare and analyze is intended for internal use rather than for use by the general public. Cost Accountants might specialize in helping the companies they work for manage their budgets, evaluate their performance and manage their assets, such as advising on decisions concerning stocks, bonds, real estate and other investments.
Cost Accountant Education Requirements
Generally, people must have a bachelor's in accounting or a related field to become an accountant. For instance, some may have a Bachelor's Degree in Business Administration with a concentration in Accounting. Some employers prefer candidates who have master's degrees in accounting or related fields, and many accountants obtain positions with firms by completing internships and starting out in junior accounting positions until they advance to senior ones. Accountants who have certifications, such as a Certified Public Accountant or Certified Management Accountant, might experience greater job prospects since their certifications show that they passed a grueling exam.