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Accounting supervisor vs senior cost accountant

The differences between accounting supervisors and senior cost accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an accounting supervisor and a senior cost accountant. Additionally, an accounting supervisor has an average salary of $68,923, which is higher than the $65,824 average annual salary of a senior cost accountant.

The top three skills for an accounting supervisor include reconciliations, GAAP and account reconciliations. The most important skills for a senior cost accountant are reconciliations, variance analysis, and GAAP.

Accounting supervisor vs senior cost accountant overview

Accounting SupervisorSenior Cost Accountant
Yearly salary$68,923$65,824
Hourly rate$33.14$31.65
Growth rate6%6%
Number of jobs56,37745,010
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 79%
Average age4444
Years of experience44

What does an accounting supervisor do?

Account supervisors are in charge of the accounting and financial operations within an organization's accounting department. They supervise the account team and provide feedback about their performance and recommend improvements when necessary. It is their responsibility to review the company's financial statements for accuracy. They even reconcile the enterprise's general ledger accounts and oversee the communications and marketing plans of the clients. Also, they maintain profitable and long-term customer relationships to keep the trust of the clients.

What does a senior cost accountant do?

A senior cost accountant is an individual who maintains detailed costs in a company's system and provides cost analysis that supports operations and sales. Senior cost accountants are required to review inventory and deal with manufacturing personnel to control and analyze standard costs. They must record cost information to be used in controlling expenditures as well as recommend cost efficiencies in new product layouts. Senior cost accountants must also provide reports that specify and compare factors affecting prices and profitability of products or services to the management.

Accounting supervisor vs senior cost accountant salary

Accounting supervisors and senior cost accountants have different pay scales, as shown below.

Accounting SupervisorSenior Cost Accountant
Average salary$68,923$65,824
Salary rangeBetween $50,000 And $93,000Between $48,000 And $89,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateNew YorkNew Jersey
Best paying companyeBayOraSure Technologies
Best paying industryFinanceHealth Care

Differences between accounting supervisor and senior cost accountant education

There are a few differences between an accounting supervisor and a senior cost accountant in terms of educational background:

Accounting SupervisorSenior Cost Accountant
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 79%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting supervisor vs senior cost accountant demographics

Here are the differences between accounting supervisors' and senior cost accountants' demographics:

Accounting SupervisorSenior Cost Accountant
Average age4444
Gender ratioMale, 39.7% Female, 60.3%Male, 59.7% Female, 40.3%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 12.2% White, 63.9% American Indian and Alaska Native, 0.5%Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.3% White, 64.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between accounting supervisor and senior cost accountant duties and responsibilities

Accounting supervisor example responsibilities.

  • Initiate ongoing departmental projects to automate daily tasks which include the calculations for income distributions and the daily income account reconciliation.
  • Audit ledgers to ensure they contain correct information, such as billing addresses and invoice numbers.
  • Review the monthly account reconciliations for all GL accounts including inter-company and validate accuracy and substance of schedules supporting the reconciliations.
  • Process all student account updates and maintain student ledgers.
  • Verify and post transactions to journal ledgers and other records.
  • Reconcile foreign tax GL account and remit funds to IRS.
  • Show more

Senior cost accountant example responsibilities.

  • Manage quarterly inventory reserves in accordance with company policy which follows GAAP guidance.
  • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
  • Process month end close including journal entries, account reconciliations, variance analysis, financial statement preparation and corporate reporting.
  • Provide user training and technical support for ERP and payroll systems.
  • Implement process improvements for monthly close process and SOX documentation retention.
  • Complete account reconciliations in accordance with maintaining the integrity of assets and liabilities for balance sheet inventory accounts.
  • Show more

Accounting supervisor vs senior cost accountant skills

Common accounting supervisor skills
  • Reconciliations, 11%
  • GAAP, 6%
  • Account Reconciliations, 6%
  • CPA, 6%
  • Customer Service, 5%
  • General Ledger Accounts, 5%
Common senior cost accountant skills
  • Reconciliations, 9%
  • Variance Analysis, 6%
  • GAAP, 5%
  • Account Reconciliations, 4%
  • SR, 4%
  • SOX, 3%

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