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Accounting manager/controller vs cost accounting manager

The differences between accounting managers/controller and cost accounting managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an accounting manager/controller, becoming a cost accounting manager takes usually requires 6-8 years. Additionally, an accounting manager/controller has an average salary of $93,973, which is higher than the $89,286 average annual salary of a cost accounting manager.

The top three skills for an accounting manager/controller include reconciliations, CPA and internal controls. The most important skills for a cost accounting manager are variance analysis, financial analysis, and reconciliations.

Accounting manager/controller vs cost accounting manager overview

Accounting Manager/ControllerCost Accounting Manager
Yearly salary$93,973$89,286
Hourly rate$45.18$42.93
Growth rate6%17%
Number of jobs58,29261,135
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 78%
Average age4446
Years of experience48

What does an accounting manager/controller do?

An accounting manager/controller is responsible for spearheading and overseeing the daily operations in a company's accounting department. They monitor the company's budgets, including its costs and expenditures, and produce financial reports. It is also their duty to establish objectives and guidelines, manage accounting staff, monitor financial activities, review and assess financial statements, approve expenditures, and resolve issues promptly and efficiently. Furthermore, as an accounting manager/controller, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.

What does a cost accounting manager do?

A cost accounting manager is responsible for analyzing and evaluating pricing and costing systems of the goods and services of an organization, ensuring its adherence to the internal guidelines and state regulations. Cost accounting managers review business and financial transactions to generate accounting reports for management reference. They also identify business opportunities that would provide revenue resources and profits by monitoring industry trends and public demands. A cost accounting manager must have excellent analytical skills and accounting principles knowledge, especially in resolving account and expense discrepancies.

Accounting manager/controller vs cost accounting manager salary

Accounting managers/controller and cost accounting managers have different pay scales, as shown below.

Accounting Manager/ControllerCost Accounting Manager
Average salary$93,973$89,286
Salary rangeBetween $66,000 And $133,000Between $67,000 And $118,000
Highest paying CityAlbany, NYBoston, MA
Highest paying stateNew YorkConnecticut
Best paying companyAmazonMicrosoft
Best paying industryTechnologyManufacturing

Differences between accounting manager/controller and cost accounting manager education

There are a few differences between an accounting manager/controller and a cost accounting manager in terms of educational background:

Accounting Manager/ControllerCost Accounting Manager
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 78%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting manager/controller vs cost accounting manager demographics

Here are the differences between accounting managers/controller' and cost accounting managers' demographics:

Accounting Manager/ControllerCost Accounting Manager
Average age4446
Gender ratioMale, 48.4% Female, 51.6%Male, 71.7% Female, 28.3%
Race ratioBlack or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 9.2% White, 64.2% American Indian and Alaska Native, 0.3%
LGBT Percentage7%11%

Differences between accounting manager/controller and cost accounting manager duties and responsibilities

Accounting manager/controller example responsibilities.

  • Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
  • Prepare and provide information as needed to independent auditors and outside CPA for tax compliance; coordinate activities of external auditors.
  • Perform treasury and cash management responsibilities.
  • Standardize balancing methods for semi-weekly payroll and quarterly payroll tax returns gaining consistency among four banks.
  • Mentore, motivate and train the finance staff in their areas of the department and QuickBooks.
  • Correct the ERP system to properly reflect accurate costing of inventory and proper reflection of costs.
  • Show more

Cost accounting manager example responsibilities.

  • Manage the monthly analysis of variances which include PPV, MUV, substitution and labor.
  • Lead ERP system integration team and restructure manufacturing accounting system of newly acquire facility.
  • Manage payroll and all taxation matters, coordinate independent audit; communicate with outside organizations and agencies.
  • Direct the development, administration, and standards necessary to maintain financial controls in compliance with GAAP and SOX.
  • Provide financial management of inventories for multiple facilities to include book-to-physical account reconciliations, inventory projections and reduction plans.
  • Maintain standard cost integrity including annual standard changes, inventory valuation, monthly closings, account reconciliations and annual budgeting.
  • Show more

Accounting manager/controller vs cost accounting manager skills

Common accounting manager/controller skills
  • Reconciliations, 7%
  • CPA, 7%
  • Internal Controls, 6%
  • GAAP, 5%
  • Cash Management, 5%
  • Payroll Taxes, 5%
Common cost accounting manager skills
  • Variance Analysis, 5%
  • Financial Analysis, 5%
  • Reconciliations, 4%
  • Financial Reports, 4%
  • Product Cost, 4%
  • ERP, 4%

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