Chartered accountant vs senior cost accountant

The differences between chartered accountants 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 a chartered accountant and a senior cost accountant. Additionally, a senior cost accountant has an average salary of $65,824, which is higher than the $65,776 average annual salary of a chartered accountant.

The top three skills for a chartered accountant include internal audit, financial statements and income tax returns. The most important skills for a senior cost accountant are reconciliations, variance analysis, and GAAP.

Chartered accountant vs senior cost accountant overview

	Chartered Accountant	Senior Cost Accountant
Yearly salary	$65,776	$65,824
Hourly rate	$31.62	$31.65
Growth rate	6%	6%
Number of jobs	33,005	45,010
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 79%
Average age	44	44
Years of experience	4	4

Chartered accountant vs senior cost accountant salary

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

	Chartered Accountant	Senior Cost Accountant
Average salary	$65,776	$65,824
Salary range	Between $42,000 And $102,000	Between $48,000 And $89,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	New Jersey
Best paying company	-	OraSure Technologies
Best paying industry	-	Health Care

Differences between chartered accountant and senior cost accountant education

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

	Chartered Accountant	Senior Cost Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 79%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Chartered accountant vs senior cost accountant demographics

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

	Chartered Accountant	Senior Cost Accountant
Average age	44	44
Gender ratio	Male, 61.0% Female, 39.0%	Male, 59.7% Female, 40.3%
Race ratio	Black or African American, 7.5% Unknown, 3.9% Hispanic or Latino, 9.8% Asian, 18.1% White, 60.2% 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 Percentage	7%	7%

Differences between chartered accountant and senior cost accountant duties and responsibilities

Chartered accountant example responsibilities.

Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Provision of professional and timely taxation advice and services to clients.
Monitor deposits and withdrawals of revenue and expenses, review payroll, and ensure accurate processing and timely bank reconciliations.
Monitor bond and covenant requirements, providing tax return and audit information to external contacts.

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.

Chartered accountant vs senior cost accountant skills

Common chartered accountant skills

Internal Audit, 33%
Financial Statements, 14%
Income Tax Returns, 11%
Balance Sheet, 6%
Audit Reports, 5%
Tax Audits, 5%

Common senior cost accountant skills

Reconciliations, 9%
Variance Analysis, 6%
GAAP, 5%
Account Reconciliations, 4%
SR, 4%
SOX, 3%

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Chartered Accountant vs Senior Cost Accountant

Updated January 8, 2025

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