Job Description / Responsibilities
The role of general accountant would be as follows : General ledger Assist in the review, monitor and presentation of monthly financial statements in compliance with International Accounting Standards, map the financials with MIS, their reconciliation with MIS and analyze the variance, review of general ledger, accounts payable and accounts receivable. Capital Expenditure Requests
Ensure that capex requirement is justified
Ensure that proper asset codes / dept are used
Approving the document in the system after necessary approval at F&P and sending the document to the Divisions concerned The fixed asset accountant position is accountable for recording the cost of newly-
acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation, and accounting for the disposition of fixed assets.
Principal Accountabilities :
Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
Recommend to management any updates to accounting policies related to fixed assets.
Assign tag numbers to fixed assets.
Record fixed asset acquisitions and dispositions in the accounting system.
Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
Calculate depreciation for all fixed assets.
Review and update the detailed schedule of fixed assets and accumulated depreciation.
Investigate the potential obsolescence of fixed assets.
Conduct periodic impairment reviews for intangible assets.
Conduct analyses related to fixed assets as requested by management.
Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
Educational Qualification Bachelor's in accounting