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Internal account executive vs cost accountant

The differences between internal account executives and 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 internal account executive and a cost accountant. Additionally, a cost accountant has an average salary of $60,528, which is higher than the $52,836 average annual salary of an internal account executive.

The top three skills for an internal account executive include internal account, audit plan and payroll taxes. The most important skills for a cost accountant are reconciliations, variance analysis, and GAAP.

Internal account executive vs cost accountant overview

Internal Account ExecutiveCost Accountant
Yearly salary$52,836$60,528
Hourly rate$25.40$29.10
Growth rate6%6%
Number of jobs123,74139,925
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 77%
Average age4444
Years of experience44

Internal account executive vs cost accountant salary

Internal account executives and cost accountants have different pay scales, as shown below.

Internal Account ExecutiveCost Accountant
Average salary$52,836$60,528
Salary rangeBetween $38,000 And $72,000Between $45,000 And $81,000
Highest paying CityNew York, NYEdison, NJ
Highest paying stateNew YorkNew Jersey
Best paying companyBarclaysGoogle
Best paying industryManufacturingEnergy

Differences between internal account executive and cost accountant education

There are a few differences between an internal account executive and a cost accountant in terms of educational background:

Internal Account ExecutiveCost Accountant
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 77%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Internal account executive vs cost accountant demographics

Here are the differences between internal account executives' and cost accountants' demographics:

Internal Account ExecutiveCost Accountant
Average age4444
Gender ratioMale, 47.7% Female, 52.3%Male, 52.6% Female, 47.4%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.6% White, 63.4% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between internal account executive and cost accountant duties and responsibilities

Internal account executive example responsibilities.

  • Manage inventory, manufacturing quantity and schedule and source raw material by closely collaborating with marketing, OEM factory and consigners.
  • Consult and work with company CPA.
  • Read and interpret a variety of regulations, technical manuals and other directives relating to logistics property administration and accounting.
  • Answer phones, enter customer payments, work with monitor accounts, balance A/R for 15 currencies, research payment discrepancies
  • Explain balance sheet and profit and loss variances over 25K USD.
  • Maintain account receivable records for international clients, coordinate & implement A/R software application.
  • Show more

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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Internal account executive vs cost accountant skills

Common internal account executive skills
  • Internal Account, 19%
  • Audit Plan, 13%
  • Payroll Taxes, 11%
  • General Ledger, 8%
  • Internal Controls, 8%
  • Journal Entries, 8%
Common cost accountant skills
  • Reconciliations, 9%
  • Variance Analysis, 6%
  • GAAP, 4%
  • Account Reconciliations, 3%
  • Cost Analysis, 3%
  • Financial Analysis, 3%

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