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Reporting specialist vs cost accountant

The differences between reporting specialists 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 a reporting specialist and a cost accountant. Additionally, a cost accountant has an average salary of $60,528, which is higher than the $56,129 average annual salary of a reporting specialist.

The top three skills for a reporting specialist include customer service, data analysis and powerpoint. The most important skills for a cost accountant are reconciliations, variance analysis, and GAAP.

Reporting specialist vs cost accountant overview

Reporting SpecialistCost Accountant
Yearly salary$56,129$60,528
Hourly rate$26.99$29.10
Growth rate6%6%
Number of jobs50,54339,925
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 77%
Average age4444
Years of experience44

What does a reporting specialist do?

A reporting specialist, also known as a marketing analyst, is an individual who is responsible for examining the current trends and marketing conditions for an organization. Reporting specialists are required to gather information about their potential customers, business competitors, and economic conditions. They examine databases and new reports as well as initiate questionnaires and opinion polls with the help of survey researchers. Reporting specialists must also present the information they gather to the management of the organization.

What does a cost accountant do?

A cost accountant specializes in determining the total cost incurred by a company from producing goods and services. Through the various financial data they collect, the cost accountant will devise plans and strategies that will be a vital factor in the next budget and marketing preparations of a company. Aside from this, a cost accountant is responsible for various tasks such as conducting research and analysis in different areas, keeping financial records and inventory, producing financial reports involving profitability and expenditures, and proposing a budget and other financial plans.

Reporting specialist vs cost accountant salary

Reporting specialists and cost accountants have different pay scales, as shown below.

Reporting SpecialistCost Accountant
Average salary$56,129$60,528
Salary rangeBetween $39,000 And $80,000Between $45,000 And $81,000
Highest paying CitySan Jose, CAEdison, NJ
Highest paying stateCaliforniaNew Jersey
Best paying companyCitiGoogle
Best paying industryFinanceEnergy

Differences between reporting specialist and cost accountant education

There are a few differences between a reporting specialist and a cost accountant in terms of educational background:

Reporting SpecialistCost Accountant
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 77%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Reporting specialist vs cost accountant demographics

Here are the differences between reporting specialists' and cost accountants' demographics:

Reporting SpecialistCost Accountant
Average age4444
Gender ratioMale, 42.1% Female, 57.9%Male, 52.6% Female, 47.4%
Race ratioBlack or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.5% 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 reporting specialist and cost accountant duties and responsibilities

Reporting specialist example responsibilities.

  • Manage risks and ensure compliance with SOX controls relate to selection and contracting of suppliers.
  • Manage coordination, implementation and installation of next generation telemarketing system, an nt-base, client server environment.
  • Create VBA macros to streamline existing reporting processes.
  • Assist with developing and updating VBA code as necessary.
  • Analyze operating reports with Cognos, VendorScape and DRI.
  • Promote current HIPAA compliance beyond the minimum legally mandate.
  • 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.
  • Show more

Reporting specialist vs cost accountant skills

Common reporting specialist skills
  • Customer Service, 10%
  • Data Analysis, 8%
  • PowerPoint, 6%
  • BI, 5%
  • QA, 5%
  • SME, 4%
Common cost accountant skills
  • Reconciliations, 9%
  • Variance Analysis, 6%
  • GAAP, 4%
  • Account Reconciliations, 3%
  • Cost Analysis, 3%
  • Financial Analysis, 3%

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