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Assistant controller vs cost accounting manager

The differences between assistant controllers and cost accounting managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an assistant controller and a cost accounting manager. Additionally, an assistant controller has an average salary of $91,447, which is higher than the $89,286 average annual salary of a cost accounting manager.

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

Assistant controller vs cost accounting manager overview

Assistant ControllerCost Accounting Manager
Yearly salary$91,447$89,286
Hourly rate$43.96$42.93
Growth rate17%17%
Number of jobs58,64361,135
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 78%
Average age4646
Years of experience88

What does an assistant controller do?

An assistant controller is an individual who supports and reports to the corporate controller about all the organization's accounting-related activities such as managerial accounting and financial activities. Assistant controllers are instrumental in maintaining the accountability of the organization's financial resources and protecting the assets of its investors. They delegate data entry tasks with junior accounting staff and coordinate financial audits with the vice president and chief financial officer (CFO). The minimum educational attainment of an assistant controller is to obtain a bachelor's degree in finance or accounting related field.

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.

Assistant controller vs cost accounting manager salary

Assistant controllers and cost accounting managers have different pay scales, as shown below.

Assistant ControllerCost Accounting Manager
Average salary$91,447$89,286
Salary rangeBetween $63,000 And $132,000Between $67,000 And $118,000
Highest paying CityStamford, CTBoston, MA
Highest paying stateConnecticutConnecticut
Best paying companyCloudflareMicrosoft
Best paying industryFinanceManufacturing

Differences between assistant controller and cost accounting manager education

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

Assistant ControllerCost Accounting Manager
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 78%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Assistant controller vs cost accounting manager demographics

Here are the differences between assistant controllers' and cost accounting managers' demographics:

Assistant ControllerCost Accounting Manager
Average age4646
Gender ratioMale, 49.8% Female, 50.2%Male, 71.7% Female, 28.3%
Race ratioBlack or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.1% White, 64.0% American Indian and Alaska Native, 0.3%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 Percentage11%11%

Differences between assistant controller and cost accounting manager duties and responsibilities

Assistant controller example responsibilities.

  • Lead divisional capital management through ROI analysis on new products and other capital investments to maximize returns.
  • Facilitate the implementation of ERP system, which increase productivity in efficiently and effectively manage the functionality of the organization.
  • Initiate ongoing departmental projects to automate daily tasks which include the calculations for income distributions and the daily income account reconciliation.
  • Maintain timely and accurate general ledger account reconciliations, oversee treasury management, and handle fixed asset tracking and reporting.
  • Direct balance sheet and inter-company reconciliations according to GAAP and ensure compliance across accounting, payroll, and inventory management systems.
  • Oversee corporate financial internal controls including a complete re-write of all standard operating procedure documentation and supporting annual SOX audit work.
  • 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.
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Assistant controller vs cost accounting manager skills

Common assistant controller skills
  • Reconciliations, 9%
  • CPA, 8%
  • GAAP, 7%
  • Internal Controls, 5%
  • Payroll Processing, 5%
  • External Auditors, 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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