What are the responsibilities and job description for the Fixed Asset Accountant position at H2 Recruits?
The fixed asset accountant manages and accounts for a company's long-lived, tangible assets, including tasks like identification, recording, valuation, and depreciation, ensuring accurate financial reporting.
Responsibilities -
- Identification and Recording: Identify and record all fixed assets, such as machinery, buildings, vehicles, and equipment.
- Valuation: determine the initial value and subsequent valuation of fixed assets.
- Accounting: maintain accurate records of fixed asset transactions, including purchases, sales, and disposals.
- Depreciation: calculate and record depreciation expense, which is the systematic allocation of an asset's cost over its useful life.
- Reporting: prepare reports on fixed assets for internal and external use, including financial statements.
- Reconciliation and Reporting: reconcile and report on capital work in progress and capital projects.
- Revaluation and Stocktake: assist in revaluation activities and stocktakes.
- Asset Management: ensure assets are maintained and used effectively.
Skills -
- Accounting Knowledge: Strong understanding of accounting principles, particularly those related to fixed assets.
- Analytical Skills: Analyzing data, identifying trends, and preparing reports.
- Organizational Skills: Managing a large volume of data and maintaining accurate records.
- Attention to Detail: High level of accuracy and attention to detail.
- Communication Skills: Ability to communicate effectively with colleagues and stakeholders.
- Software Proficiency: Proficiency in accounting software and other relevant tools.
