The Fixed Asset Accountant is responsible for managing and maintaining the company’s fixed asset records, ensuring accurate capitalization, depreciation, disposals, and compliance with accounting standards and internal policies. This role plays a critical part in financial reporting, audit support, and asset lifecycle management.
Responsibilities
Fixed Asset Management
- Maintain and update the fixed asset register, ensuring completeness and accuracy
- Record asset acquisitions, right of use asset capitalization, transfers, disposals, and retirements
- Ensure proper asset classification and capitalization in line with company policy
- Calculate and post monthly depreciation and amortization entries
- Review useful lives, residual values, and depreciation methods periodically
- Ensure compliance with applicable accounting standards (e.g., IFRS, GAAP)
Capital Expenditure (CapEx) Monitoring