Accountant-Record to Report


Basic Function: The fixed asset accountant position is accountable for recording the cost of newly-acquired and in progress fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation, transfer, retirement and accounting for the disposition of fixed assets.


Principal Accountabilities:

1. Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.

2. Ability to provide recommendations and updates to management regarding accounting policies related to fixed assets.

3. Ability to manage assets tagging and serial number to assign identification number to all the assets in fixed assets register

4. Should have knowledge to record fixed assets acquisitions and dispositions in the accounting system.

5. Should have ability to determine the capitalization impact on lease assets

6. Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.

7. Reconcile the balance in the fixed asset general ledger to the summary-level account in the sub ledger.

8. Calculate and validate depreciation for all fixed assets.

9. Review and update the detailed schedule of fixed assets and accumulated depreciation.

10. Investigate the potential obsolescence of fixed assets.

11. Conduct periodic impairment reviews for intangible assets.

12. Conduct periodic physical inventory counts of fixed assets.

13. Provide recommendation to management whether fixed assets should be disposed of.

14. Conduct analyses related to fixed assets as requested by management.

15. Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.

16. Track company expenditures for fixed assets in comparison to the capital budget and management authorizations


Desired Qualifications: 2-4 years of fixed asset accounting experience. Master degree in accounting and finance and must have worked in ERP environment preferably in Oracle.