As a Cost Analyst, you will need to master following:

• company policies
• cost management
• financial department processes

More generally, a cost analyst is also versed in:

• assess financial viability
• control of expenses
• evaluate budgets
• interpret financial statements
• liquidity management
• perform cost accounting activities
• prepare cost-plus pricing models
• provide cost benefit analysis reports
• synthesise financial information

It also helps to know the following:

• create a financial report
• manage inventory
• support development of annual budget
• advise on tax planning
• analyse financial performance of a company
• analyse financial risk
• analyse transportation costs
• calculate production costs
• carry out tendering
• create a financial plan
• disseminate information on tax legislation
• enforce financial policies
• execute analytical mathematical calculations
• exert expenditure control
• explain accounting records
• financial forecasting
• manage payroll reports
• negotiate supplier arrangements
• prepare financial statements