The opinion of a public accountant is required for all public companies and many private companies with lending covenants. Public accountants range in title from staff to partner depending on years of experience and firm structure. Cost Accounting Cost accounting is the system of recording and reporting measurements of the cost of goods manufactured and held in inventory. In this department, standard costs of production are compared with actual costs to identify manufacturing efficiencies and variances. Cost accounting systems include job order, process, standard and direct costing.
Tax accountants determine an organization's or individual's liability to various taxing authorities.