Role & responsibilities
- Creation and Capitalization of Assets: Responsible for the proper creation and capitalization of fixed assets in the system as per company policies and accounting standards.
- Coordination for Asset Transfers and Disposal: Work closely with various departments to gather asset transfer and disposal information, ensuring all data is accurately posted in the system.
- Verification of Original Asset Invoices: Verify original invoices for assets and ensure they are recorded correctly in the fixed asset register.
- Preparation of Reports: Prepare key reports such as CWIP aging report, fixed asset schedules, CAPEX cash outflow report, CWIP movement, and the Schedule III format in compliance with regulatory requirements.
- Auditor Coordination: Provide required information and schedules to internal and external auditors for audits related to fixed assets.
- Physical Verification of Assets: Assist in the preparation of asset lists for tagging and support the physical verification of fixed assets.
- Project Accounting: Handle project accounting for capital projects, ensuring accurate cost allocation and timely capitalization of assets.
- Depreciation Calculation: Perform monthly depreciation calculations for fixed assets in line with company policies and accounting standards.