Finance & Accounting Manager Resume Samples

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JW
J Waelchi
Jaqueline
Waelchi
2894 Dave Canyon
Boston
MA
+1 (555) 104 0074
2894 Dave Canyon
Boston
MA
Phone
p +1 (555) 104 0074
Experience Experience
Phoenix, AZ
Finance Accounting Manager
Phoenix, AZ
Gutmann, Fisher and Hyatt
Phoenix, AZ
Finance Accounting Manager
  • Provide ongoing performance and development assessments of staff
  • Assist in establishing goals for the department and staff
  • Grateful for an individual contributor role so you have bandwidth to make improvements
  • Provide support and advice to accounting team, management and department leaders
  • Support business unit finance leads with special projects, accounting research and process improvement initiatives
  • Analyze, report and forecast financial performance results
  • Confident identifying and prioritizing process improvements for the Accounting Group
Phoenix, AZ
Finance / Accounting Manager
Phoenix, AZ
Fahey-Koepp
Phoenix, AZ
Finance / Accounting Manager
  • Monitors staff performance and works with staff to implement goals and objectives aligned with department goals
  • Develops, leads, manages and motivates staff
  • Manages daily workload and prioritization of assignments
  • Manage month end close process
  • Manage A/R process
  • Business Plan Development
  • Communicates with all levels of executive management and handles all escalations and resolutions
present
New York, NY
Finance & Accounting Manager
New York, NY
Treutel-Volkman
present
New York, NY
Finance & Accounting Manager
present
  • Evidence of success in influencing, leading, supporting and motivating stakeholders to achieve agreed outcomes
  • Ownership of the Finance & Accounting stakeholder relationship between Capita and TfL Finance with regards to Client Accounting & Reporting
  • Develop and review control framework within accounting-relevant processes ensuring an effective control monitoring process is delivered
  • Detailed knowledge of revenue recognition, budgeting and forecasting
  • Assists with preparation of internal management reporting and other ad hoc reporting requests
  • Opportunity to lead your own reporting, planning, and analysis team
  • Detailed knowledge of technical accounting issues / detailed knowledge of accounting systems
Education Education
Bachelor’s Degree in Accountancy
Bachelor’s Degree in Accountancy
North Carolina State University
Bachelor’s Degree in Accountancy
Skills Skills
  • Demonstrable track record of developing and maintaining strong professional relationships at all levels
  • Strong analytical and problems solving skills with excellent attention to detail and a willingness to challenge
  • Ability to work under pressure, work to tight deadlines with no detriment to the high quality standards expected
  • Strong communication skills, ability to influence and change
  • Excellent attention to detail
  • Excellent time management and organization skills
  • Knowledge of Generally Accepted Accounting Principles and fund accounting standards for higher education institutions
  • Knowledge of fund accounting
  • Ability to work in network and in group in an international environment, in a collaborative way
  • Ability to work independently, exercise sound judgment, identify and set priorities for self and others, and meet deadlines in a fast-paced work environment
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15 Finance & Accounting Manager resume templates

1

Finance Accounting Manager Resume Examples & Samples

  • Approve account reconciliations, vendor invoices and journal entries
  • Coordinate and manage allocation activity amongst multiple business units
  • Review payroll, fixed assets activity and capital spending
  • Analyze, report and forecast financial performance results
  • Support initiatives to improve efficiency and effectiveness in the company’s digital business
  • Ensure accurate invoicing and profitability analysis for centralized digital and group sales functions
  • Oversee accounting for broadcast rights
  • Prepare required quarterly and year-end financial reporting schedules
  • Coordinate with internal and/or external auditors to ensure effective and efficient processes and compliance with all Sarbanes-Oxley requirements
  • Support business unit finance leads with special projects, accounting research and process improvement initiatives
  • Assist with the effective implementation and configuration of the company’s next generation financial systems
  • Undergraduate in Accounting, CPA preferred along with 8-10 years of progressive experience in accounting and internal controls for a large company or significant division of a company
  • Qualified candidate must be results-oriented, able to work in a team environment and possess excellent interpersonal skills in order to communicate across multiple operating units, corporate departments and other levels of management
  • Must possess strong analytical and organizational skills with the ability to manage multiple tasks simultaneously and consistently meet tight deadlines, work efficiently with a sense of urgency, a high degree of accuracy and attention to detail
  • Excellent ability to build trusting relationships and partnerships throughout the organization. Ability to define, implement and adhere to policies and procedures. Ability to work under strict deadlines. Excellent documentation and effective communication skills required
  • Media industry experience is beneficial, but not required
2

Finance / Accounting Manager Resume Examples & Samples

  • Oversee the projections process, including integration into Humana’s long term planning model in 2015 and 2016
  • Coordinate review of statutory based tax calculations and process with Humana’s internal tax department
  • Oversee CA reporting requirements and act as team liaison to internal audit group
  • Bachelor’s Degree in Accounting, Finance or a related field
  • Comprehensive knowledge of Microsoft Office applications, primarily Excel
  • Five years progressive accounting experience
  • Hyperion, and Oracle Business Suite experience desired
  • Financial reporting experience desired
3

Finance / Accounting Manager Resume Examples & Samples

  • Coordinate the audited statement process with Humana's external auditors
  • Review and interpret new statutory accounting guidance
  • Coordinate the completion of the annual management and discussion analysis
4

Senior Finance & Accounting Manager Resume Examples & Samples

  • Education: Bachelor / Master Degree in Accounting (an MBA would be an advantage)
  • Work Experiences: at least 5-7 years’ experience in accounting and at least 3 years in supervisory level, FMCG is preferable
  • Special Skills: - SAP and CPA is advantage
  • Manage Accounting and Treasury team (7 persons) in handling accounting function: A/P, G/L and treasury
  • Dealing with external parties such as audit firms, banks and the Revenue Department
  • Specifically in charge of consolidated accounts, income tax, and external auditors relationship
  • Assist in development and implementation of new procedures and features to enhance the workflow’s efficiency and process improvement
  • Preparing accounting reports for submission to management
  • Preparing monthly/annual budgets and related reports
  • Providing coaching and training to accounting team members to improve their accounting skills
  • Coordinate with outsourced accounting function located in Manila Philippines
5

Senior Finance & Accounting Manager Resume Examples & Samples

  • MBA and/or CPA required
  • 7+ years of Finance and Accounting experience
  • Prior industry experience within a financial services or real estate firm preferred, whether in corporate or public accounting
  • Must be a self-starter with the ability to work in a dynamic environment in a strategic business position
6

Finance Accounting Manager Resume Examples & Samples

  • Regulatory reporting per requirements as per regulators directive
  • Ensuring controls and checks towards achieving these objectives per internal standards
  • Process enhancements, refinements and alignment with global and regional standards
  • Day-to-Day Responsibilities
  • Interaction with various business as well as support units
  • Review of accounting and reporting requirements
  • Review of Local regulatory requirement
  • Education - Chartered Accountancy
  • Experience - 5-8 years
7

Finance / Accounting Manager Resume Examples & Samples

  • Heavy budgeting (development, execution, analysis)
  • Business Plan Development
  • Manage A/R process
  • Manage month end close process
8

Finance & Accounting Manager, Sctc Resume Examples & Samples

  • Applies Accounting policies and procedures in particular area of responsibility to reflect current company direction and in compliance with Generally Accepted Accounting Principles
  • Ensures accurate and timely presentation of financial results. Meets with department or business unit to review statements, responds to questions, and identifies areas requiring additional research or action. Provides timely responses to corrections, adjustments and outstanding items
  • Increasingly responsible accounting experience with application of Generally Accepted Accounting Principles (GAAP) to complex business transactions – (8-10 years)
  • Developing, interpreting and implementing accounting policies and processes in a growth environment - (3 years)
  • Business area specific accounting experience - (2 years)
  • Systems development and implementation -(2 years)
  • Managing others – (2 years)
9

Finance & Accounting Manager Resume Examples & Samples

  • Conduct primary research design in the Pharmaceutical Industry
  • Sales Forecast & Product Evaluation
  • Hands on Competitor Analysis and reporting it to stake holders on its impact
  • Provide value added analysis
  • Critical and Logical thinking
  • Fact base analysis
  • Business Intelligence unit experience
  • Age between 30 to 40
  • Experienced in international company
  • Business English
10

Finance & Accounting Manager Resume Examples & Samples

  • To oversee the maintenance of the Account Receivable sub-ledgers in creating new debtors’ codes or updating credit limits
  • The safeguard of all hotel cash and bank assets: to certify all monthly bank and credit card reconciliation, to ensure that all daily cash and cheque collection are duly verified and banked-in intact on a daily basis
  • To oversee and ensure the smooth running of the overall Cost Control functions, in particular
  • The actual record and safeguard of all stocks of the hotel with all variances being justified and corrected
  • To oversee and ensure the smooth running of the purchasing functions, in particular that all procurement of goods and services are done in accordance with the hotel policies and procedures
  • The accuracy of the payroll calculation and payment to employees
  • The strict respect of country tax legislation (preparation and filing of all tax matters )
  • To oversee all legal and tax matters related to the hotel in liaison with consultants and local
11

Finance & Accounting Manager Resume Examples & Samples

  • Bachelor’s degree in accounting, finance, business administration, or other closely related degree
  • This position requires extensive, diverse and progressively responsible experience analyzing and reconciling complex accounting information and financial statements
  • Two (2) or more years of professional, progressively responsible experience analyzing and reconciling complex accounting information and financial statements
  • Experience working with University of Colorado Systems (ex. PeopleSoft HCM and FIS, Concur, etc.)
  • Higher education budget management, modeling and forecasting experience
  • Experience working with clinical data
  • Knowledge of Generally Accepted Accounting Principles and fund accounting standards for higher education institutions
  • Ability to effectively explain processes and procedures
  • Ability to develop and maintain effective working relationships in a fast paced environment, with rapidly-changing priorities
  • Demonstrated knowledge of PeopleSoft Financial software and University of Colorado financial systems
  • Demonstrated advanced spreadsheet (Excel) skills and the ability to work with Microsoft Office and Outlook
12

Finance & Accounting Manager Resume Examples & Samples

  • Ownership of the Finance & Accounting stakeholder relationship between Capita and TfL Finance with regards to Client Accounting & Reporting
  • Assume the day to day leadership and management of the Client Accounting Team to ensure that Finance & Accounting services are delivered to TfL as per contractual requirements
  • Responsible for maintaining TfL’s general and sub ledgers including bank and cash reconciliations
  • Ensure that all Daily, Weekly and Period End Financial Reporting is completed and submitted to TfL as per the agreed contractual requirements/deadlines
  • Assume overall financial controls including continuous cost management to deliver financial forecast and meet internal Capita financial targets
  • Ensure compliance with TfL’s Risk & Control Framework within the Client Accounting function and rapidly remedy any exposures to ensure a positive Audit posture is maintained at all times
  • Responsible for the assurance of any Finance functionality change resulting from Programme implementations and transition in to BAU service
  • Provide guidance as a role model to direct reports ensuring customer Satisfaction & financial performance is always at the forefront of daily activities
  • Responsible for all training and development within Client Accounting including the identification & management of “Top Talent” within the team and to ensure effective succession plans
  • Ensure that a Performance Management regime is in place within Client Accounting team to include setting of objectives and regular performance reviews and appraisals
  • Ensure regular, effective and two-way communication with employees, so that they understood how their work supports business unit and overall company goals
  • To adhere to the company Security Policy and escalate any breaches accordingly
  • To take responsibility for Health & Safety in the workplace, identifying and escalating any risks immediately
  • To abide by all Capita Security Policies and Procedures as advised
  • To abide by all Building and Visitor Access Procedures appropriate to all Capita sites
  • Strong communication skills, ability to influence and change
  • Evidence of success in influencing, leading, supporting and motivating stakeholders to achieve agreed outcomes
  • Strong analytical and problems solving skills with excellent attention to detail and a willingness to challenge
  • Ability to work under pressure, work to tight deadlines with no detriment to the high quality standards expected
  • Requires little direction, highly motivated, demonstrates initiative and is proactive in their approach to the business
  • Analytical approach ensuring confident decisions are made in line with current finance legislation
13

Finance & Accounting Manager Resume Examples & Samples

  • Prepares monthly financial statements including balance sheet, income statement, and cash flow statement
  • Reviews account reconciliations and journal entries to insure financial statements are accurate
  • Supervises and manages performance of responsible staff
  • Oversees the transactions and data being generated from their responsible area
  • Lead monthly financial closing process
  • Responsible for certain aspects of site’s Sarbane’s Oxley compliance project as assigned by F&A management
  • Prepare account reconciliations for certain general ledger accounts and reviews others within area of responsibility
  • Assist in the budget process
  • Prepare and manage the monthly forecasting process
  • Work closely with site General Manager to manage performance of the office and report that performance to company management when GM is out of the office
  • Establish appropriate credit levels for all customers. Review credit on a regular basis for all customers
  • Responsible for following all quality policy standards
14

Finance Accounting Manager Resume Examples & Samples

  • 2+ years at a local CPA firm and 2+ years in private industry
  • Comfortable handling day to day operational accounting
  • Confident identifying and prioritizing process improvements for the Accounting Group
  • Ability to look upstream and find the root cause of a problem
  • Happy to request the cooperation of adjacent departments to improve processes
  • Grateful for an individual contributor role so you have bandwidth to make improvements
  • Understanding of how all accounting transactions roll up to the financial statements
  • Experienced with NAV ERP Systems - huge plus
  • Familiar with VlookUps and Pivot Tables
  • Clean background checks and drug free
  • Easy commute to downtown Bellevue, right off of I-405
15

Finance Accounting Manager Resume Examples & Samples

  • Lead and manage day-to-day accounting function
  • Drive efficiencies, automation and accuracy in the function
  • Assist in establishing goals for the department and staff
  • Provide ongoing performance and development assessments of staff
  • Maintain strong internal controls
  • Provide support and advice to accounting team, management and department leaders
  • Interact with internal/external auditors and provide support for their requests
  • Willing to work extended hours, as required, including early mornings and late evenings
  • BS degree in Business, Finance, Accounting or related field
  • 7+ years of progressive finance and accounting experience in shared services, corporate or public accounting experience
  • Leadership experience in Shared Services / Business Process Outsourcing industry, preferably with a multinational company
  • Experience with US GAAP
16

Finance & Accounting Manager Resume Examples & Samples

  • Up to 10% potential bonus
  • Opportunity to lead your own reporting, planning, and analysis team
  • Manage a team
  • Nice offices and casual work environment
17

Finance Accounting Manager Resume Examples & Samples

  • Comfort with multi-tasking and prioritizing within a fast-paced, demanding environment
  • Flexibility and openness towards new ideas and change
  • Ability to synthesize data and consistent attention to detail
18

Finance / Accounting Manager Resume Examples & Samples

  • Develops, leads, manages and motivates staff
  • Manages daily workload and prioritization of assignments
  • Monitors staff performance and works with staff to implement goals and objectives aligned with department goals
  • Reviews and audits sales opportunities to ensure deal financials are accurately recognized for all deal components including: contract valuation, contract accuracy, revenue classification, solution classification, and commission eligibility
  • Reviews legal agreements and works closely with legal department on interpretation issues
  • Designs and implements new processes and procedures that improve efficiency
  • Ensures timely and accurate completion of all contract valuation assignments
  • Communicates with all levels of executive management and handles all escalations and resolutions
  • Participates in special projects and presentations
  • Requires strong management skills
  • Requires strong organizational, team building, coaching, and mentoring skills
  • Requires general business skills, industry knowledge, financial management and planning skills, long-term vision, and executive presence
  • Knowledge of contract processing methodology
  • Knowledge of pricing strategies with an emphasis on value based concepts
  • Ability to utilize judgment in decision making process related to job tasks
  • Excellent skills in communicating ideas both verbally and in written form in a clear, concise, and professional manner including presentations
  • Ability to communicate effectively with all levels of management in an organized, professional manner
  • Skilled in workload management
  • Ability to lead process initiatives including the design, documentation, and implementation
19

Finance & Accounting Manager Resume Examples & Samples

  • Bachelor's degree preferably in finance, accounting, business or equivalent work experience
  • Experience developing and executing accounting policies and processes in alignment with COPAS/Petroleum Industry accounting standards
  • 4 years in public accounting (Big 4 audit preferred)
  • Minimum 10 years of accounting and management experience (including public accounting experience)
  • Confident and able to operate under tight deadlines
  • Demonstrated history of attention to detail and ability to work with a high degree of accuracy
  • Must be able to establish and adhere to set deadlines
  • Advanced Microsoft Excel spreadsheet modeling skills
  • Advanced Microsoft PowerPoint and Word skills
  • Has a strong results orientation and personal accountability
  • Is a team player and has a collaborative working style
  • Exhibits strong problem solving and decision making skills
  • Is curious and open to new ideas
  • Communicates effectively both verbally and in writing
  • Maintains effectiveness in a changing environment
  • Visibly demonstrate the values of safety, integrity and excellence
  • Exhibits relationship and partnership building skills through building appropriate rapport, using diplomacy and tact, and gaining cooperation from others
  • Inspires, motivates, and guides others towards goals that achieve results
20

Finance & Accounting Manager Resume Examples & Samples

  • Manage and supervise the Accounting team
  • Deliver daily, monthly and annual control and monitoring for all relevant processes
  • Maintain the General Ledger, ensure that all reconciliations are implemented and executed and policies are strictly followed, in accordance with the VAFC and Volvo Group Financial Policies and Procedures
  • Ensure that Accounts Payable and Accounts Receivable functions are effectively managed
  • Work closely with operational functions and senior management across the organisation to deliver an integrated approach to improving accounting controls and activities
  • Provide and present correct, complete and timely financial information for reporting, forecasting and controlling purposes (high quality baseline for financial information)
  • Secure timely and accurate Cash-Management (processing of all cash-related transactions)
  • Provide correct, complete and timely statutory accounts (CBRC & PBOC etc.)
  • Support Finance & Accounting department within its reporting functions (internal and external)
  • Analyse and present key variances for internal and external reporting
  • Constantly drive efficiency improvement for all accounting-related processes
  • Develop and review control framework within accounting-relevant processes ensuring an effective control monitoring process is delivered
  • Be a professional business partner for (internal and external) auditors and external consultants (e.g. tax consultants)
  • Support business functions in delivering accounting and financial advice as needed
  • Qualified Accounting Certificate
  • University Degree
  • Minimum of 7 years in accounting related works
  • Be proactive, methodical and assertive
  • High integrity and Self-motivated
  • Proven ability to challenge current practice, analyze and draw conclusions on findings
  • Experience in delivering effective controls through IT systems (PC skills, Excel & Word)
  • Advanced level English (spoken & written)
  • Experience in SAP & NAV preferred
21

Finance & Accounting Manager Resume Examples & Samples

  • Prior public accounting, CPA preferred, in addition to relevant industry experience, including Fund and tax related exposure
  • Highly organized with strong attention to detail and quality of deliverables
  • Excellent writing, communication and interpersonal skills
  • Must have excellent work ethic, high level of integrity and excellent follow-up skills
  • Ability to demonstrate critical thinking skills in decision making
  • Demonstrated leadership and management skills
  • Superior ability to track and meet deadlines focused on overcoming obstacles
  • High level of computer skills, including extensive experience with Yardi or similar real estate accounting system
22

Finance & Accounting Manager Resume Examples & Samples

  • Candidates local to Oak Ridge, TN
  • Interacts with operational management, Accounting Department management and the Business Development organization to ensure that business objectives are translated into financial goals and objectives for EnergySolutions
  • Assists with preparation of the annual operating budgets and forecasts
  • Provides cost/benefit analysis and discounted cash flow models to decision makers
  • Provides analysis of monthly, quarterly and annual results as compared to budgets and forecasts
  • Prepares, examines or analyzes accounting records, financial statements or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
  • Ensures appropriate revenue recognition for IFRS15 purposes
  • Performs general ledger accounting functions and participates in general ledger account reconciliations
  • Supports external and internal audits and due diligence requirements
  • Participates in month-end, quarter-end and year-end closings
  • Assists with preparation of internal management reporting and other ad hoc reporting requests
  • Supervises staff as needed
  • Follows organizational policies and procedures and ensures staff is in compliance
  • Bachelor's degree required in Accounting, Finance or Business Administration
  • Certified Management Accountant or Certified Public Accountant desirable
  • Minimum of 5 years of Finance and/or Accounting experience
  • Detailed knowledge of revenue recognition, budgeting and forecasting
  • Advanced proficiency using Excel, including creating pivot tables and other data manipulation techniques
  • Demonstrated ability to manage confidential information
  • Detailed knowledge of general ledger functions / Strong attention to detail
  • Detailed knowledge of technical accounting issues / detailed knowledge of accounting systems
  • Strong people-management skills
  • Ability to perform complex accounting tasks
  • Oracle or JDE experience
  • Database experience
  • Working for a large company
23

Finance & Accounting Manager Resume Examples & Samples

  • Ensure all accounting activity is in accordance with Generally Accepted Accounting Principles (GAAP) and all business processes are in accordance with Trinity internal controls
  • Assist Business Unit Finance Team with month-end close process, account analysis, and Mexico accounting activities
  • Perform month-end closing responsibilities such as journal entries, account reconciliations, job closing analysis, reporting to department managers & division management
  • Assist with preparation of weekly & monthly forecasts & annual financial budgets
  • Be responsible for coordination of Mexico closing activities and revenue recognition related to our Huehuetoca and Monterrey production
  • Finance liaison for the Huehuetoca and Monterrey plant job closing reviews to analyze plant performance to the estimates
  • Prepare and communicate weekly financial forecast including discussion of significant changes
  • Develop financial models for trending & review of cost opportunities
  • Assist in implementation of lean processes & streamlining of accounting and reporting processes to maximize the contribution to the unit and Corporate strategic and tactical business goals
  • Combine information from multiple systems to perform variance analysis to enhance plant activities, drive continuous improvements & control expenses
  • Analyze data pertaining to plant metrics to include plant production efficiencies, productivity, working capital management, plant profitability, & other measures
  • Perform all other duties as required by supervisor
  • Bachelor’s degree required, preferably in the field of Accounting or Finance; MBA/CPA preferred
  • 7+ years experience of diverse manufacturing accounting experience, with increasing responsibility including 4+ years supervision
  • Bi-lingual – Spanish
  • Experience with financial modeling preferred
  • Advanced Microsoft Excel skills; vlookup, pivot tables
  • Database management skills required
  • Excellent verbal and written communication skills with the ability to confidently work with Senior Management
  • Experience with job-costing &/or activity based costing
  • Extremely proficient skills required in Microsoft Office products
  • Strong organizational skills including the ability to prioritize and utilize time efficiently
  • An assertive, self-starter who can work well independently without supervision
  • IBM i570 Series, Jobscope, Oracle Financials, Microsoft Access software a plus
  • Ability to apply concepts of basic algebra, geometry
  • Ability to read, analyze and interpret common scientific and technical journals, financial reports, and legal documents
24

Finance & Accounting Manager Resume Examples & Samples

  • Bachelor degree from an accredited university (Accounting, Finance, or Business preferred) or equivalent experience required
  • 5 or more years experience in public accounting required
  • Extensive knowledge of U.S. generally accepted accounting principles (GAAP) and significant experience in preparation of periodic financial reporting packages
  • Experience in the management of teams including all aspects of coaching, mentoring and providing verbal and written performance feedback
  • Prior experience in preparation and / or review of periodic journal entries, balance sheet reconciliations, accruals, and intercompany transactions
  • Detail oriented with strong organization skills
  • Proven ability to work independently, yet function effectively within a collaborative team environment
25

Finance & Accounting Manager Resume Examples & Samples

  • Day to day Finance and accounts operations
  • Perform full set of accounts and ensure timely closing of year end accounts, including consolidated accounts and tax computation
  • Review and approve payment vouchers and cost analysis
  • Develop and maintain internal control and effective accounting system
  • Support in monthly group reporting
  • Adherence to statutory requirements and filing of returns; PAYE, NSSF, NHIF, VAT, Withholding Tax, Instalment Tax and all relevant statutory requirements
  • Treasury requirements; cash flow management and reduction of forex exposure
  • Handling of general insurance
  • ISO involvement
  • Handling KRA enquiries
  • Assistance in debt collection and credit management policies
  • Handling of Company Secretarial requirements
  • Support for ERP (Navision)
  • Specific analysis requested by Management
  • Management of the Accounts team: 5 people
  • Flexibility, capacity to listen and learn, open minded
  • Ability to work in network and in group in an international environment, in a collaborative way
  • Well organized and well structured
  • Clear & synthetic communication
  • Good MS Office Skills particularly in Excel. Experience of an ERP (Navision) is an added advantage
  • CPA or Degree in Accounting / Finance/ ACCA Qualification
  • 3- 5 years of experience in financial and management accounting particularly in a manufacturing based Company
  • Relevant experience in External audit and costing is advantageous