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Senior revenue accountant vs senior cost accountant

The differences between senior revenue 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 senior revenue accountant and a senior cost accountant. Additionally, a senior revenue accountant has an average salary of $77,865, which is higher than the $65,824 average annual salary of a senior cost accountant.

The top three skills for a senior revenue accountant include reconciliations, ASC and GAAP. The most important skills for a senior cost accountant are reconciliations, variance analysis, and GAAP.

Senior revenue accountant vs senior cost accountant overview

Senior Revenue AccountantSenior Cost Accountant
Yearly salary$77,865$65,824
Hourly rate$37.44$31.65
Growth rate6%6%
Number of jobs35,72945,010
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 79%
Average age4444
Years of experience44

What does a senior revenue accountant do?

A senior revenue accountant is in charge of overseeing the financial revenues of a company, ensuring accuracy and transparency. They primarily coordinate and supervise the accounting team to ensure a smooth workflow and assist in other activities such as preparing revenue and expenditure reports. They must also monitor all financial progress, maintain records of all transactions, and process payments as needed. Furthermore, as a senior revenue accountant, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.

What does a senior cost accountant do?

A senior cost accountant is an individual who maintains detailed costs in a company's system and provides cost analysis that supports operations and sales. Senior cost accountants are required to review inventory and deal with manufacturing personnel to control and analyze standard costs. They must record cost information to be used in controlling expenditures as well as recommend cost efficiencies in new product layouts. Senior cost accountants must also provide reports that specify and compare factors affecting prices and profitability of products or services to the management.

Senior revenue accountant vs senior cost accountant salary

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

Senior Revenue AccountantSenior Cost Accountant
Average salary$77,865$65,824
Salary rangeBetween $56,000 And $106,000Between $48,000 And $89,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateNew JerseyNew Jersey
Best paying companyDatabricksOraSure Technologies
Best paying industryTechnologyHealth Care

Differences between senior revenue accountant and senior cost accountant education

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

Senior Revenue AccountantSenior Cost Accountant
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 79%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior revenue accountant vs senior cost accountant demographics

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

Senior Revenue AccountantSenior Cost Accountant
Average age4444
Gender ratioMale, 45.1% Female, 54.9%Male, 59.7% Female, 40.3%
Race ratioBlack or African American, 7.5% Unknown, 3.9% Hispanic or Latino, 9.8% Asian, 18.1% White, 60.3% American Indian and Alaska Native, 0.4%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 Percentage7%7%

Differences between senior revenue accountant and senior cost accountant duties and responsibilities

Senior revenue accountant example responsibilities.

  • Manage accounts receivable including revenue recognition in accordance with GAAP, customer billing and collection activities.
  • Assist in the implementation of Deltek CostPoint.
  • Review customer contracts for revenue recognition issues and ensure proper revenue recognition in accordance with GAAP and FASB.
  • Perform monthly account reconciliations for all accounts assign and ensure proper presentation of account balance.
  • Invoice over 100 third party sponsors using PeopleSoft.
  • Assist in the improvement of current policies and procedures in connection with Sarbanes-Oxley requirements.
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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.
  • Show more

Senior revenue accountant vs senior cost accountant skills

Common senior revenue accountant skills
  • Reconciliations, 12%
  • ASC, 11%
  • GAAP, 8%
  • Account Reconciliations, 6%
  • SOX, 4%
  • Internal Controls, 4%
Common senior cost accountant skills
  • Reconciliations, 9%
  • Variance Analysis, 6%
  • GAAP, 5%
  • Account Reconciliations, 4%
  • SR, 4%
  • SOX, 3%

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