Knowledge in fixed assets by creating and supervising a system of procedures, forms, and controls
Minimum Qualification : Degree
Experience Level : Senior level
Experience Length : 3 years
Job Description for FixedAccountant
Recordfixed assets by creating and supervising a system of procedures, forms, andcontrols
Recommendany updates to accounting policies affecting fixed assets to management
Allocatetag numbers to fixed assets to effectively track them from time to time
Recordin the accounting system newly acquired fixed assets and those disposed
Track,compile, and record project costs in fixed asset accounts; close out the accountsat the completion of the projects
Performreconciliation of fixed asset subsidiary ledger balance with summary-levelaccount in the general ledger
Performdepreciation calculation for all fixed assets
Performrevision and update on the detailed schedule of accumulated depreciation andfixed assets
Performasset retirement obligation calculations for Asset Retirement Obligation (ARO)to applicable assets.
Findout fixed assets’ obsolescence potential
Carryout periodic reviews on intangible assets’ impairment
Carryout inventory counts of fixed assets physically
Recommendfixed assets that should be disposed off to management
Monitorfixed assets transfers and update fixed assets register accordingly
Ensurematerials for fixed assets are tracked from shipment to store and ensure thatmaterials issued out have the right approvals and are captured timely
As maybe requested by management, perform fixed asset related analyses
Createfixed asset related audit schedules, and collaborate withauditors on their assignments
Serveas company representative at any audits relating to fixed assets.
TrackCompany’s fixed asset spending in relation to its capital budget, as well asmanagement authorizations.
Trackand allocate fixed expenses such as repairs & maintenance, electricity,fuel
Trackand amortize rents prepayments and prepare prepayment schedule for month endclosing.