Fixed Assets Accountant

Roles & Responsibilities:

·       To coordinate with user divisions to reconcile Fixed Asset additions and ensure accurate capitalization.

·       To maintain fixed asset accounting records and reconcile the fixed asset register to the general ledger and ERP balance monthly.

  ·    To calculate and record depreciation for all fixed assets in accordance with GAAP for financial statement reporting and tax regulations.

·       To review CAPEX purchase requisitions and maintain all fixed asset records in the fixed asset register to ensure compliance with PPPs on asset acquisition.

·       To analyze CAPEX invoices from key vendors, reconcile them against purchase orders and contracts, and monitor related payments for accuracy and compliance s

·       To review, interpret and apply fixed assets policies to fixed asset transactions, including purchase, valuation, revaluation, accruals, and disposal and communicate them with all stakeholders.

·       To provide supporting documents, records, and schedules to meet audit/regulatory requirements.

·       To record disposals and asset movements received from user divisions in the fixed asset register and database, ensuring accuracy and completeness .

·       To review and control asset useful life during the fiscal year and update them in FAR if necessary.

·       To perform monthly revaluation of fixed asset accruals, book related entries, and prepare management reports .  

·       To update decommissioning file with new quotations and rates (WACC and Discount) to book respective provisions and costs.

·       To review, validate, and post transactions related to orders in transit and warehouse activities to ensure proper reflection of asset values in financial statements.
To reconcile warehouse balance against inventory and WIP accounts and follow to make the required adjustments and post the vouchers.