Job Title – Cost and Management Accountant
The function of a Cost and Management Accountant is to prepare and present accounting information, to assist management in the formulation of policies and the planning and control of the operations of a manufacturing industry.
Typical Job Activities
Applies accounting and costing principles, methods and techniques, as well as economic principles to determine costs and analyse savings/excesses compared with previous experience or with budgets
Management requires an update of this information at regular pre-determined intervals
Compiles the information also entails examining factors such as the under-utilisation of a plant, low productivity and the cost of holding excessive materials or stocks
Provides the management with analyses and figures that will enable them to make forecasts regarding the profitability of new products, developments and expansions
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Senior Certificate with matric exemption for a degree course in Accounting
Senior Certificate for a diploma course in commerce
Compulsory subjects: Mathematics
Recommended subjects: Accounting, Economics and Business Economics
What natural skills and/or aptitudes do I need for this occupation?
Have a strong aptitude for mathematics
Be able to work quickly and efficiently
Be able to communicate financial information effectively
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International Employment Opportunities
In commerce and all kinds of industries – Big private, medium or small companies
Technikons and colleges as lecturers
Own business (consulting)
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Relevant Contact Details
Chartered Institute of Management Accountants
041 352 553
The Institute of Commercial and Financial Accountants of Southern Africa
Career Progress and Path
Experience in specific field
General management studies
Possible Career Paths
Specialist career in the specific field
Management positions in the specific field
General business management
Reasons to consider this career
I am very interested in a specific subject or field
I can apply my special skills
I can work with numbers.