Ibrahim Bin Humaidan

Ban.Co

Description: To record, analyze, and allocate all costs related to production or services in order to determine the actual cost of products or projects, support decision-making, and improve operational efficiency by controlling and reducing expenses. &nbsp;Key Responsibilities:<ol><li>Prepare and analyze actual cost reports and compare them with standard or budgeted costs.</li><li>Monitor material movements and inventory to determine the cost of materials used in production.</li><li>Record operating expenses and allocate them accurately to the appropriate cost centers.</li><li>Prepare monthly cost reports, analyze variances, and provide recommendations for corrective actions.</li><li>Participate in preparing and monitoring the company’s annual budgets.</li><li>Review and post cost-related journal entries to ensure accuracy and compliance with company policies.</li><li>Coordinate with production, purchasing, and warehouse departments to verify cost data accuracy.</li><li>Assist in developing cost accounting systems and improving internal control procedures.</li><li>Prepare periodic reports for management on production costs, profitability, and cost trends.</li></ol>&nbsp;

Cost Account

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Cost Account