Industrial accountant vs cost accountant

Differences between industrial accountant and cost accountant duties and responsibilities

Industrial accountant example responsibilities.

• Manage accounting operations, accounting close, account reporting and reconciliations.
• Automate accounting processes via excel - bank statement reconciliations, recurring journal entries etc.
• Collaborate with payroll conversion process from ADP to PeopleSoft; performing parallel testing and confirming accuracy of payroll information in PeopleSoft.
• Respond to questions from business units regarding general accounting and/or PeopleSoft system matters and investigate and resolve GL accounting inconsistencies.

Cost accountant example responsibilities.

• Manage ledgers and perform month end journal entries.
• Manage the payroll with ADP system and account receivable.
• Manage costing control as well as accounts payable (A/P) and accounts receivable (A/R).
• Prepare internal financial reports for treasury manage accounts include in external compliance reports.
• Prepare raw material and WIP inventory reconciliations.
• Develop tracking of GAAP inventory valuation for all inventory inherit from the bankrupt former company.
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