I want to learn about careers as a Cost and Management Accountant

20 Apr

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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Related Occupations

Bank official
Budget officer
Chartered accountant
Financial consultant
Marketing manager

Educational Requirements

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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Employment Opportunities     


Market Competitiveness


Income Potential


Self-Employment Opportunities


International Employment Opportunities


Possible Employers

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
Work performance
General management studies

Possible Career Paths

Specialist career in the specific field
Management positions in the specific field
General business management
Own business

Employment Stability

Very stable

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.

Source: Careeers24

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