Collect cost information and maintain an expenses database*

Construct data accumulation systems*

Determine fixed costs (e.g. salaries, rent and insurance)*

Plan and record variable costs (e.g. purchases of raw material and operations costs)*

Review standard and actual costs for inaccuracies*

Prepare budgeting reports (for the company and for each department)*

Analyze and report profit margins*

Prepare (monthly, quarterly and annual) cost forecasts*

Assisting in month-end and year-end closing*

Identify and recommend cost-effective solutions*