The Day-To-Day Activities
- Fixed Asset Lifecycle Management
- Ensure accurate recording of all fixed asset additions, including verification of supporting documents, capitalization dates, asset classification, and cost allocation.
- Monitor the complete asset lifecycle from acquisition to disposal in accordance with company policy and accounting standards.
- Process asset transfers, retirements, impairments, and disposals with proper approvals and documentation.
- Maintain an up-to-date fixed asset register with appropriate asset tagging and identification.
-
Reconciliation & Financial Close
- Ensure monthly depreciation computations are applied in line with accounting standards and management policies.
- Perform regular reconciliation of the fixed asset sub-ledger with the general ledger.
- Support monthly, quarterly, and annual financial close processes and reporting related to fixed assets.
- Investigate and resolve reconciling items in a timely manner.
-
Governance & Compliance
- Establish and maintain internal controls and policies for fixed assets accounting.
- Ensure compliance with accounting standards, internal policies, and regulatory requirements.
- Support internal and external audits with documentation, reconciliations, and explanations of variances.
-
Systems & Process Improvement
- Support review of fixed asset, identifying gaps, inefficiencies, risks, and control weaknesses.
- Support design and implement standardized, scalable fixed asset processes aligned with accounting standards and internal policies.
-
Others
- Assist management in responding to external/internal auditors’ queries involving fixed asset
- Support the Company’s projects and corporate exercises, where applicable on matters involving matters related to fixed assets
- Support management in the preparation and compilation of regulatory and compliance-related reporting on an as-needed basis.