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Skills & competences

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K - knowledge
L - language skills and knowledge
S - skills
S1 - communication, collaboration and creativity
S2 - information skills
S3 - assisting and caring
S4 - management skills
S4.0 - management skills
S4.1 - developing objectives and strategies
S4.2 - organising, planning and scheduling work and activities
S4.3 - allocating and controlling resources
S4.3.0 - allocating and controlling resources
S4.3.1 - managing budgets or finances
- budget for financial needs
- budget set costs
- collect tax
- complete administration
- control financial resources
- create annual marketing budget
- enforce financial policies
- establish investment funds
- evaluate budgets
- examine budgets
- exert expenditure control
- follow up the issued grants
- forecast dividend trends
- give out grants
- handle external financing
- handle quotes from prospective shippers
- identify financial resources
- keep track of shipment payments
- maintain trusts
- manage a healthcare unit budget
- manage accounts
- manage bank vault
- manage brand assets
- manage budgets
- manage budgets for social services programs
- manage conservation of natural and cultural heritage
- manage corporate bank accounts
- manage financial aspects of a company
- manage government funding
- manage hospitality revenue
- manage loans
- manage operational budgets
- manage pension funds
- manage personal finances
- manage profitability
- manage recycling program budget
- manage revenue
- manage school budget
- manage securities
- manage sport facility finances
- manage vehicle services' financial resources
- minimise shipping cost
- obtain concert funding
- optimise financial performance
- oversee the facilities services budget
- perform asset recognition
- perform balance sheet operations
- perform currency reserve management
- perform financial market business
- prepare airport annual budget
- prepare audit activities
- prepare audit schemes for ships
- prepare casting budget
- support development of annual budget
- understand budgetary limits
- update budget
- use accounting systems
S4.3.2 - managing and administering human resources
S4.3.3 - allocating and controlling physical resources
S4.4 - performing administrative activities
S4.5 - leading and motivating
S4.6 - building and developing teams
S4.7 - recruiting and hiring
S4.8 - supervising people
S4.9 - making decisions
S5 - working with computers
S6 - handling and moving
S7 - constructing
S8 - working with machinery and specialised equipment
T - transversal skills and competences

perform cost accounting activities

transversal skills and competences

core skills and competences

working with numbers and measures

carry out calculations

perform cost accounting activities

skills

management skills

allocating and controlling resources

managing budgets or finances

perform cost accounting activities

Description

Description

Execute the cost related activities and operations within the accounting activities such as standard cost development, average pricing analysis, margin and cost ratio analysis, inventory control, and variance analysis. Report the results to management and advise on possible courses of action to control and reduce the costs.

Alternative Labels

conduct cost accounting activities

do cost accounting activities

perform activities for cost accounting

perform cost accounting activities

perform cost accounting activity

performing cost accounting activities

Skill type

skill

Skill reusability level

cross-sector skills and competences

Relationships

Broader concepts

Narrower skills

Essential for

Optional for

Optional Knowledge

Concept URI

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ESCO is a Europe 2020 initiative.

DG Employment, Social Affairs and Inclusion of the European Commission developed ESCO in collaboration with stakeholders and with the European Centre for the Development of Vocational Training (Cedefop).

CONTACT ESCO
Current version: ESCO v1.1.2 (Last update 22/02/2024)