Cost accountants focus on analyzing a company's costs to improve efficiency and profitability. They prepare detailed cost reports, analyze manufacturing processes, and advise management on cost-saving strategies. Strong analytical and problem-solving skills are essential. Cost accounting is a vital function in manufacturing, retail, and service industries.

• Key Responsibilities: Cost analysis, budgeting, variance analysis, inventory management.
• Skills Required: Analytical skills, attention to detail, knowledge of accounting principles, proficiency in accounting software.