Cost analyst
In business, a cost analyst is a professional responsible for analyzing a company's costs, or the use of available resources, and reports such analysis to management for decision-making and control. Additional to
cost analysis generally, specific work includes whole-life cost analysis and cost–volume–profit analysis
.
This role usually sits within the company's
FP&A
" (Financial planning and analysis).
See also under budget analyst
.
Cost analysts require a strong background in cost accounting methods, and typically hold a business degree majoring in accountancy, or sometimes, the more focused Bachelor of Accountancy. Due to the specialized nature of the role, cost accountants often also hold a relevant professional certification: Globally recognized, are the CMA through IMA, and the CGMA through CIMA. Other regional bodies include ICAI in India, and ICMA in Australia. See Financial analyst § Qualification.