Participate and Facilitate Cost Reduction in Inventory Proce

Total Page：16

File Type：pdf, Size：1020Kb

Participate and Facilitate Cost Reduction in Inventory Proce

Position Title: Shop Accountant/Inventory Specialist Reports to: Corporate Position summary: The Shop Accountant will possess an understanding of financial accounting standards & procedures and apply knowledge to properly oversee all financial transactions at the shop level along with heavy inventory. This position will be responsible for the preparation and interpretation of month end closing activities, inventory control and billing analysis. This position provides recommendations to management in support of the achievement of company goals. Position reports to Corporate Accounting. Tasks: • Provide financial direction/support to shop managers/core management teams • Prepare financial analysis to monitor spending in key areas (labor, inventory, etc.) • Maintain active participation in plant operations • Monitor and enforce internal controls and ensure compliance with corporate policies and procedures • Participate and facilitate cost reduction in inventory procedures • Prepare physical inventory reporting and cycle count analysis • Maintain and improve processes and controls associated with shop costs and inventory valuation • Assist with the review of excess/obsolete inventory/long lead time inventory • Conduct inventory reconciliations monthly • Prepare various financial models, as appropriate; prepare and review various account reconciliations • Prepare monthly WIP analysis • Analyze plant labor and inventory transactions for optimal billing levels • Perform work order review/analysis for accuracy and completeness • Participate in month-end close activities/related variances, analysis, monthly shop performance • Ensure validity and accuracy of ERP through analysis and internal audit of material issues, shop labor and work order processing • Review Freight In/Out on a monthly basis • Represent Accounting on teams designed to improve operations, reduce costs, eliminate error, etc. • Perform other related duties as assigned Skills: • Ability to solve problems and deal with a variety of variables in situations where standardization generally exists. Ability to interpret a variety of instructions furnished in written or oral format. • Familiarity with accounting software systems. Advanced proficiency in Microsoft Excel. • Must be able to withstand reasonable physical demands to successfully perform the essential functions of this job in a shop environment. Qualities: • Excellent time management, organization, communication and leadership skills. Experience and Education: • High school diploma. • Bachelor’s degree in accounting or Finance. • Minimum 5 years of experience in Accounting in a job costing environment. • Hands-on ERP experience preferred, experience with Sage Construction a plus. .

Copy Link

Recommended publications

Accounting Certification Quick Guide
Accounting Certification Quick Guide CPA CMA CIA CFE EA CGMA Accounting Courses Required to Sit for Exam Yes No Yes No No Yes Work Experience Needed to Sit for Exam No No No Yes No 2 years Bachelor's Degree Yes (150 credit hours) Yes (can sit b/f graduated) Yes Yes* No Yes Estimated Cost of Exam $ 3,000 $ 1,750 $ 1,500 $ 400 $ 1,000 $ 325 Estimated Total Costs** $ 4,500 $ 2,230 $ 2,300 $ 1,395 $ 1,500 $ 2,600 Exam Dates Per Year 4 Windows (9 Mo.) 4 Windows (6 Mo.) Year Round Year Round May 1-Feb 28 3 Windows Exam Length 16 Hours 8 Hours 6.5 Hours 8 Hours 12 Hours 3 Hours Work Experience Needed for Certification Yes* 2 Years 1 - 2 Years Yes* No 3 Years Number of Exams 4 2 3 4 3 1 Memberships Required to Sit for Exam None IMA Member None ACFE Member None AICPA Member CFA CGAP CBA CISA CFSA CITP Accounting Courses Required to Sit for Exam No Yes Yes No Yes Yes Work Experience Needed to Sit for Exam No* 1-5 Years* No No No No Bachelor's Degree Yes No (associate) Yes No No (associate) Yes Estimated Cost of Exam $ 2,500 $ 855 $ 498 $ 670 $ 2,000 $ 500 Estimated Total Costs** $ 4,600 $ 2,500 $ 900 $ 2,240 $ 2,250 $ 650 Exam Dates Per Year 1-2 Times/ Year Year Round 3 Times/ Year June 1-Sept 23 Year Round 3 Windows Exam Length 18 Hours 3 Hours 4 Parts 4 Hours 3 Hours 4 Hours Work Experience Needed for Certification 4 Years 1-5 Years 2 Years 3 Years* 1-5 Years 1,000 Hours Number of Exams 3 1 4 1 1 1 Memberships Required to Sit for Exam CFA Institute None None None None AICPA Member * Work experience varies by state **Includes study material, fees, test, etc.
[Show full text]
Accountant Exempt, Full-Time Administrative Department
Accountant Exempt, Full-Time Administrative Department Job Summary: Under general supervision of the Finance Director, responsible for accounting and support services. The employee must routinely use independent judgment when performing tasks. Equipment Used / Job Locations / Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this class. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee will operate a computer, fax machines, copier and other modern office equipment. The employee generally works indoors in an office. Essential Functions & Job Responsibilities: The duties listed below are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to this class. Responsible for accounting and financial records of all funds, including reconciling bank statements and invoices, reconciling General Ledger (G/L) accounts and sub ledgers, bond payments, verifying accounts payable, and payroll; balances all receipts and tax collections monthly; responsible for journal entries to G/L; records fixed assets; assists with annual audit; assist with annual budget preparation; assist with annual and monthly financial report; assists users in resolving problems on various accounting systems. Additional Work Performed: Prepares social security and tax withholding reports; prepares quarterly unemployment reports; maintains general records of account according to established accounting classifications, including various ledgers, registers, and journals; posts entries to books and computer from supporting records, makes adjustments, and prepares financial statements.
[Show full text]
CHOOSING a BOOKKEEPING SOLUTION Step 1
CHOOSING A BOOKKEEPING SOLUTION Step 1: Determine skill requirements (The chart below is offered as a general guide to creating a job description.) Basic Bookkeeping Advanced Bookkeeping Accounting Finance Recording basic daily Recording more Handling accounting Handling other financial transactions such as: complex transactions functions such as: and managerial ‐Receipts & Deposits such as: ‐Processing payroll activities such as: ‐Disbursements ‐Payroll ‐Maintaining fixed asset ‐Budgeting ‐Vendor bills & credits ‐Credit card activity schedules ‐Projections ‐Customer invoices, ‐Journal entries ‐Inventory valuation ‐Cash flow analysis credits and statements ‐Inventory ‐Work‐in‐process ‐Financing ‐Project/Job costing Accounting ‐Tax preparation or ‐Estimates ‐Overhead allocations interfacing with your ‐Purchase orders ‐Cost of good/services CPA ‐Allocation by profit accounting center ‐Tax reporting (sales & ‐Bank and credit card use, gross receipts, account reconciliation 1099, payroll taxes) ‐Interfacing with a point of sale system ‐Internally prepared financial statements Job titles may include: Job titles may include: Job titles may include: Job titles may include: ‐Data Entry Clerk ‐Bookkeeper ‐Office Manager ‐Accounting Manager ‐Payables and/or ‐Senior Bookkeeper ‐Staff Accountant ‐Director of Finance Receivables Clerk ‐Full charge Bookkeeper ‐Accountant and/or Accounting ‐Entry Level Bookkeeper ‐Junior Accountant ‐Payroll Accountant ‐Chief Finance Officer ‐Bookkeeper ‐Office Manager ‐Senior Accountant Education required: Education
[Show full text]
Code of Ethics for Professional Accountants Contents
June 2005 Revised July 2006 CODE OF ETHICS FOR ♦ PROFESSIONAL ACCOUNTANTS CONTENTS Page PREFACE ...................................................................................................... 1102 PART A: GENERAL APPLICATION OF THE CODE ............................... 1103 100 Introduction and Fundamental Principles ........................................ 1104 110 Integrity ........................................................................................... 1110 120 Objectivity ....................................................................................... 1111 130 Professional Competence and Due Care .......................................... 1112 140 Confidentiality ................................................................................. 1113 150 Professional Behavior ...................................................................... 1115 PART B: PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE ... 1116 200 Introduction ..................................................................................... 1117 210 Professional Appointment ............................................................... 1123 220 Conflicts of Interest ......................................................................... 1127 230 Second Opinions .............................................................................. 1129 240 Fees and Other Types of Remuneration .......................................... 1130 250 Marketing Professional Services ..................................................... 1133 260 Gifts and
[Show full text]
Roles and Practices In
Cost Management Roles and Practices in Management Accounting Today RESULTS FROM THE 2003 IMA-E&Y SURVEY B Y A SHISH G ARG,DEBASHIS G HOSH,JAMES H UDICK, AND C HUEN N OWACKI anagement accounting is at a critical juncture. themselves against their peers. What’s more, more than Increased competition and uncertain business 200 members indicated that they would like to participate Mconditions have put significant pressure on in detailed interviews about industry-wide best practices corporate management to make informed business deci- in management accounting. sions and maximize their company’s financial perfor- mance. In response, a range of management accounting KEY FINDINGS tools and techniques has emerged. The survey revealed six major findings: Given this abundance of solutions, what decision- 1. Cost management is a key input to strategic decision support tools and cost analytics methodologies are makers. finance professionals employing? And what are the fron- 2. Decision makers and decision enablers alike identify tier issues in cost management? Surprisingly, there have “actionable” cost information as their topmost priori- been few contemporary broad-based surveys that illumi- ty.(For purposes of this analysis, we presumed that nate and identify cutting-edge issues in cost management decision makers run the finance or accounting depart- today. That’s why the Institute of Management Accoun- ment and decision enablers include all other manage- tants (IMA) and Ernst & Young (E&Y) undertook a sur- ment accountants.) vey to understand the evolving role of management 3. Several factors impair cost visibility. accountants, the goals of the organizations they serve, 4. Adopting new cost management tools isn’t a priority and the tools they use to meet those goals.
[Show full text]
The Challenge of XBRL: Business Reporting for the Investor
Thechallenge of XBRL: business reportingfor theinvestor Alison Jonesand Mike Willis Abstract The Internet nancialreporting language known asXBRL continues to developand has now reachedthe point wheremuch of its promised benets areavailable. The authors look atthe history of this project, provide acasestudy of how Morgan Stanleyhas madeuse of the system andpredict some developmentsfor the future. Keywords Financial reporting, Financial services,Internet Alison Jones isan Assurance enyears ago, only ahandful of visionaries could haveforeseen the impactof the Internet Partner specializingin on the entire business world andthe information-exchange community. Today, a technology, infocomms and T decadelater, we areon the brinkof anInternet revolution that will redene the ‘‘business entertainment,and media. She reporting’’ paradigm.This revolution will not taketen years to impactbusiness communication. isthe PricewaterhouseCoopers The newInternet technology, eXtensibleBusiness Reporting Language (XBRL), is alreadybeing XBRLServices Leader for the deployedand used across the world. UK, andrepresents the rm on theUK XBRLconsortium. For many companies, the Internet playsa keyrole in communicating business information, MikeWillis, Deputy Chief internally to management andexternally to stakeholders.Company Web sites, extranets and Knowledge Ofcer of intranets enableclients, business partners, employees, nancial marketparticipants and PricewaterhouseCoopers’ other stakeholders to accessbusiness information. Although the needfor standardization of
[Show full text]
The Roles and Domain of the Professional Accountant in Business
Information Paper The Roles and Domain of the Professional Accountant in Business Published by the Professional Accountants in Business Committee Professional Accountants in Business Committee International Federation of Accountants 545 Fifth Avenue, 14th Floor New York, New York 10017 USA The mission of the International Federation of Accountants (IFAC) is to serve the public interest, strengthen the worldwide accountancy profession and contribute to the development of strong international economies by establishing and promoting adherence to high-quality professional standards, furthering the international convergence of such standards and speaking out on public interest issues where the profession’s expertise is most relevant. This publication was prepared by IFAC’s Professional Accountants in Business (PAIB) Committee. The PAIB Committee serves IFAC member bodies and the more than one million professional accountants worldwide who work in commerce, industry, the public sector, education, and the not-for-profit sector. Its aim is to enhance the role of professional accountants in business by encouraging and facilitating the global development and exchange of knowledge and best practices. This publication may be downloaded free-of-charge from the IFAC website http://www.ifac.org. The approved text is published in the English language. Copyright © November 2005 by the International Federation of Accountants (IFAC). All rights reserved. Permission is granted to make copies of this work provided that such copies are for use in academic classrooms or for personal use and are not sold or disseminated and provided further that each copy bears the following credit line: “Copyright © by the International Federation of Accountants. All rights reserved. Used by permission.” Otherwise, written permission from IFAC is required to reproduce, store or transmit this document, except as permitted by law.
[Show full text]
Certificateas a Certified Public Accountant State
DO NOT WRITE IN THIS SPACE APPLICATION FOR A CERTIFICATE AS A CERTIFIED PUBLIC ACCOUNTANT Certificate No. ............................................. STATE BOARD OF CPAs OF LOUISIANA Date Issued ............................................. 601 Poydras Street, Suite 1770 New Orleans, Louisiana 70130 Reviewed ............................................. Approved ............................................. Please refer to the instructions on the reverse side or next page of this form. 1. If you passed the May 1999 or a subsequent CPA exam, type or print name exactly as you wish it scrolled on your certificate: (limit three names, i.e., first, middle, and last) 2. Full name (no initials): [ ] Mr. [ ] Mrs. [ ] Miss [ ] Ms. 3. Passed CPA examination as a Louisiana candidate: _____________ _________ Month Year 4. Soc. Sec. No.: __________________________ 5. Date of birth: __________________________ 6. Addresses and phone numbers (include street and post office box if applicable): a. Business/Employer: b. Residence: Phone no. ( ) _____________________ Phone no. ( ) _____________________ 7. Preferred mailing address: [ ] Business [ ] Residence 8. Summarize the experience for which you are submitting documentation. At least one year of experience must be confirmed that was within the four years preceding the date of this application; involved the use of accounting, attest, management advisory, financial advisory, tax, or consulting skills; and, was supervised and verified by a licensee. Full time months Part time hours (see instructions) [ ] Public practice: ___________ mos. __________ hrs. [ ] Industry: ___________ mos. __________ hrs. [ ] Government: ___________ mos. __________ hrs. [ ] Academia: ___________ mos. __________ hrs. 9. [ ] Enclose letter(s) confirming the experience from: [ ] present and/or past employer(s), and [ ] licensee(s) explaining their supervision of the work experience For experience in Academia (college teaching), confirmation letters must also include: [ ] college courses taught [ ] dates (beg.
[Show full text]
Audit Accountant Series
AUDIT ACCOUNTANT SERIES PREAMBLE This series includes positions which are responsible for an assigned audit function which involves completing audit reports and preparing subsequent reports and/or recommendations relative to establishing more effective and efficient accounting and financial systems. This series does not include positions which are performing clerical verification procedures or pre-audit functions such as checking expenditure vouchers where the procedures are established and responsibility is primarily to ensure conformance with criteria such as Acts, Directives, Policies, signatures, etc. Such positions should be tested for inclusion in the Audit Clerk or Clerk series. AUDIT ACCOUNTANT 1 Class Definition Incumbents in this class are responsible for performing audit work and for preparing statements and reports on the findings of the audits and for making recommendations for improving financial systems and procedures. They will also be responsible for completing an audit assignment. Positions performing an audit function for a department are responsible for auditing all varieties of expenditures for the department or for the external agencies that come within the jurisdiction of the department. Incumbents are responsible for completing audits and preparing reports and recommendations for improving financial systems. Positions located in the Provincial Auditor's Office will assist in conducting an examination and audit of a variety of accounts and records for all government departments, boards, commissions and agencies and duties may also include supervision of a team of Audit Clerks. Positions located in the Taxation Division are responsible for performing a complete tax audit on small businesses and will assist in auditing larger business firms within and outside the province.
[Show full text]
542.13 Unlawful Acts. 1. Only a Certified Public Accountant May
1 PUBLIC ACCOUNTANTS, §542.13 542.13 Unlawful acts. 1. Only a certified public accountant may issue a report on financial statements of a person, firm, organization, or governmental unit, or offer to render or render any attest service. Only a certified public accountant or licensed public accountant may render compilation services. This restriction does not prohibit such acts by a public official or public employee in the performance of that person’s duties; or prohibit the performance by any nonlicensee of other services involving the use of accounting skills, including the preparation of tax returns, management advisory services, and the preparation of financial statements without the issuance of reports on such financial statements. A nonlicensee may prepare financial statements and issue nonattest transmittals or information on such statements or transmittals which do not purport to be in compliance with the statements on standards for accounting and review services. 2. A licensee performing attest or compilation services must provide those services consistent with professional standards. 3. A person not holding a certificate shall not use or assume the title “certified public accountant” or the abbreviation “CPA” or any other title, designation, words, letters, abbreviation, sign, card, or device tending to indicate that such person is a certified public accountant. 4. A firm shall not provide attest services or assume or use the title “certified public accountants” or the abbreviation “CPAs” or any other title, designation, words, letters, abbreviation, sign, card, or device tending to indicate that such firm is a certified public accounting firm unless the firm holds a permit issued under section 542.7 and ownership of the firm satisfies the requirements of this chapter and rules adopted by the board.
[Show full text]
Comparison of a Financial Audit and Financial Review
The Community Foundation requires that all organizations that submit applications to our competitive grant programs must receive a financial audit or a financial review. These are both terms used to describe levels of financial analysis completed by an “auditor,” meaning someone external to the nonprofit organization (generally a CPA or accounting firm). Here is more detailed information on what is meant by these terms: Comparison of a Financial Audit and Financial Review Attribute Audit Review Engagement performed for the purpose of providing The auditor obtains a high, but not Accountant obtains limited assurance an opinion or report about whether the financial absolute, level of assurance about that no material modifications should statements are presented fairly in conformity with whether the financial statements are be made to the financial statements generally accepted accounting principles free of material misstatement CPA obtains an understanding of internal control Yes No over financial statements CPA tests the effectiveness of internal control Frequently, but not always. The No nature and extent of internal control testing depends on the auditor’s judgment and conclusions pertaining to risk assessment CPA verifies certain balances and transactions with Yes No third parties CPA performs procedures to obtain reasonable Yes No assurance that financial statements are free of material misstatements whether caused by fraud or error Financial statements are the responsibility of Yes Yes management Financial statements are prepared
[Show full text]
The Role of Accounting in Management Information Systems. Gerald Edgar Nichols Louisiana State University and Agricultural & Mechanical College
Louisiana State University LSU Digital Commons LSU Historical Dissertations and Theses Graduate School 1967 The Role of Accounting in Management Information Systems. Gerald Edgar Nichols Louisiana State University and Agricultural & Mechanical College Follow this and additional works at: https://digitalcommons.lsu.edu/gradschool_disstheses Recommended Citation Nichols, Gerald Edgar, "The Role of Accounting in Management Information Systems." (1967). LSU Historical Dissertations and Theses. 1355. https://digitalcommons.lsu.edu/gradschool_disstheses/1355 This Dissertation is brought to you for free and open access by the Graduate School at LSU Digital Commons. It has been accepted for inclusion in LSU Historical Dissertations and Theses by an authorized administrator of LSU Digital Commons. For more information, please contact [email protected]. This dissertation has been microfilmed exactly as received 67-17,338 NICHOLS, Gerald Edgar, 1929- THE ROLE OF ACCOUNTING IN MANAGEMENT INFORMATION SYSTEMS. Louisiana State University and Agricultural and Mechanical College, Ph.D., 1967 Accounting University Microfilms, Inc., Ann Arbor, Michigan ©Copyright by GERALD EDGAR NICHOLS 1968 THE ROLE OF ACCOUNTING IN MANAGEMENT INFORMATION SYSTEMS A Dissertation Submitted to the Graduate Faculty of the Louisiana State University and Agricultural and Mechanical College in partial fulfillment of the requirements for the degree of Doctor of Philosophy in The Department of Accounting by Gerald Edgar Nichols B.S., Alabama Polytechnic Institute, 1958 M.B.A., Louisiana State University, 1963 August, 1967 To my mother Eleanor Blair Nichols and my wife Dorothy Smith Nichols ACKNOWLEDGMENT The author wishes to express his thanks to the ’ . i members of his Advisory Committee for the assistance rendered in the preparation of the dissertation: Dr.
[Show full text]