Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

How to Become a Cost Accounting Manager

Career News May 27, 2014

Unless you are rabidly self important or about to marry the boss’s daughter, you realize that cost accounting manager IS NOT the first step in your career journey. Thus, having already implied that you are likely to become a cost accountant before you achieve the goal of manager, what should you do?

A good place to start is majoring in accounting, in your undergraduate work. That gives you an overview of the field. Think about where you might like to work, if it is an elective course or two in engineering. Then consider that you will, should you attain manager’s status, have to present your conclusions in an elective speech or debate.

In your early years, research internships will prove helpful. A long lost uncle or family friend may provide an “in” if you have that available; otherwise find several that you like and apply.

You will have to fit the bill for your living expenses with your accounting skills, since almost all of them are unpaid. Keep your credit as high as possible and do not attain too much debt. Neither may be an issue with your employer, but why put up unnecessary red flags when they can be avoided?

What is a Cost Accounting Manager?

The job of cost accounting manager is a specialized field of accounting. It is responsible for the senior management of the company and is charged with the duty of supplying information required to make financial decisions that will guide the management toward achieving the best interests of the business.

A cost accounting manager frequently reports directly to upper management, and written and verbal communication skills are extremely important. An undergraduate degree and several years of accounting experience are general requirements for obtaining a position as a cost accounting manager.

As you rise through the business, understanding the language of accounting will be important but so will an understanding of the manufacturer and product.

Requirements Employers Look For

A good rule of thumb is that you probably cannot be over qualified for this site, so use this as a guidepost and add items as they become available.

A strong knowledge of computer operations will become ever more important as your career goes on, so an awareness and study of all business software will be a plus. Obtaining licensure as a Certified Public Accountant (CPA) may be required for some positions, and professional certification is available in a variety of places. Then there is an average three to five years of professional experience commonly expected.

Finding Your First Job

Since cost accounting is a specialized field, you may be asked to provide information so the company can make decisions that will benefit stockholders. The cost accounting manager is responsible for garnering financial information and providing it in an understandable fashion to business executives for use in planning and decision-making. Available positions are found in a variety of industries in settings such as administrative offices or payroll services departments. The broader you can make your education, the more helpful it will be to your future.

Cost Accounting is a field with a variety of challenges, but it can be rewarding in many ways. The field can be quite lucrative, although wages will change over the years. However, a salary in the $100,000 range would not be unexpected. That will vary, but it will definitely beat a nine to five job with no hope of advancement! Keep focused, plan well, and a very exciting future can be yours.

Searching Searching ...

Matching School Ads
5 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Kaplan University Online Degree Programs
  • Attend college on your terms. Kaplan University offers fully online degree programs that fit any schedule.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Average class size is 25, allowing for more one-on-one time with instructors.
  • Has a 97% employment rate among available graduates.
  • All  graduates receive Lifetime Employment  Assistance—free and forever.
  • Michigan's largest independent college.
  • Most instructors are working professionals in the fields they teach.
  • Programs are continuously updated to ensure classes are career-relevant and in sync with what's needed in the industry
Show more [+]
  • Accredited
  • Online Courses
  • Accelerated Programs
  • Financial Aid
1 Program(s) Found
  • Online and ground-based program areas include Fashion Marketing and Management and more.
  • Students can study branding, event management, and public relations to help them prepare for a marketing career
  • Course topics include Fundamentals of Business, Brand Strategy, Project Management, and Principles of Market Research
  • Over 50 locations nationwide, with a student support team dedicated to helping students grow
  • Start your journey! Classes starting Aug 17.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Searching Searching ...

Matching School Ads
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Kaplan University Online Degree Programs
  • Attend college on your terms. Kaplan University offers fully online degree programs that fit any schedule.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Average class size is 25, allowing for more one-on-one time with instructors.
  • Has a 97% employment rate among available graduates.
  • All  graduates receive Lifetime Employment  Assistance—free and forever.
  • Michigan's largest independent college.
  • Most instructors are working professionals in the fields they teach.
  • Programs are continuously updated to ensure classes are career-relevant and in sync with what's needed in the industry
Show more [+]
  • Accredited
  • Online Courses
  • Accelerated Programs
  • Financial Aid
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!