Raman kumar  Garg

If I start as a Cost Accountant, where should I see myself after five years, given that I keep working in same field?

Tell me all about it

by Raman kumar Garg
1 answer
| Share :

1 answer

RE: If I start as a Cost Accountant, where should I see myself after five years, given that I keep working in same field?

Jyoti B Dhingra
Jyoti B Dhingra
Verified Career Expert
Career Consultant at Sun Productivity Inc
  • Mumbai

Hi,

Good to know that you want to know about the career path of a Cost accountant.Its a great field and the earning potential is also very good in this sector.

Let me first tell you that candidates who have just completed their masters in business administration in finance and accounting are best placed to take up the role of a cost accountant.

The main job of a cost accountant is to ensure that the cost of a firm comes down and its profits are improved.The cost accountant also makes a budgetary planning for the year and shares with other planning and management department.

Accounting job options and duties vary among the three major fields of accounting namely,Public,Management and Government.

In order to aim for becoming a cost accountant the following are the career related information-

After completing graduation in accounting and finance you are eligible to apply for the position of cost accountant.The ideal requirement from an applicant is to have a MBA degree in finance or accounting specialization.Candidates need to have good analytical skills and excellent accounting abilities.

You can take the certified management accountants (CMA) examination and get the requisite license.

The various popular industries that hire cost accountants are manufacturing and distribution,food manufacturing,steel or metal manufacturing,medical device manufacturing and many more corporate industries.Expected experience is from five to six years.

In the entry level you can join as staff cost accountant,Junior account assistant. To get there you need bachelors degree in accounting or finance and proficiency in Microsoft office applications.

Mid level you can join as a cost accounting manager and senior cost accountant.All entry level requirements.CPA certification and an advanced degree like an MBA or MAcc is required.

Senior level you become Financial controller,Chief financial officer and Vice President of finance.You need all mid level requirements-An MBA or MAcc recommended
Cost accountants are very well paid right from the initial stages in India as well as abroad.

I hope my answer will be of great help to you.

ALL THE BEST!!!

Is Cost Accountant your Ideal Career? Take Ideal Career Test to know -->Click Here

In order to post replies to the question: "If I start as a Cost Accountant, where should I see myself after five years, given that I keep working in same field?"

Post Reply

Latest ANSWERS

Preparation criteria for the MBBS entrance exam? Is MS Cadiology a good course to pursue for a good job in UK or India?

Hello Jerald,  In terms of NEET, as far as i know, you must be well versed with the concepts  in biology and physics. The 2 most important s .. read more

i m interested in acting which career is good for me

Hello There,  As such to be an actor, you do not require any qualifications as such. But still, you could join acting classes like eg anupam kher .. read more

Preferable stream in 11th standard to do MBBS in future? Percentage required in 12th standard to become a Doctor?

Hello Jency, Nothing called the preferable stream dear. To pursue MBBS, you need to study PCB, ie Science stream in the 11th and 12th. These days gett .. read more

Preparation for banking sector jobs? written exam, interview preparations?

Hello Jerin, Most of the banks exams are conducted by Institute of Banking Personnel Selection (IBPS). Just like any other competitive exams, thi .. read more
Most Popular

What are the books that every Mechanical Engineer must read?

Probably it would be difficult to prepare down a complete and comprehensive list of books to follow by every mechanical engineer,as the different spec .. read more

Do 12th board marks have any importance in jee mains

Hello,  Yes there is importance of class 12 marks in jee main 2017 bcoz the rank will be decided by the percentile formula in which there is a we .. read more

Can you tell about the job description of a typical animator?

Hi   Being Creative is always appreciable, this ability is especially  inborn . Animator Do require concentration with abstract thinking. Cr .. read more

I want to be a career guide. What should I study for become a career counselor

Hi Uttam, Thank you for writing and sharing your concerns. to become a career counselor first you need to identify your target audience who do you wan .. read more