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• Record fixed assets by creating and supervising a system of procedures, forms, and controls
• Record in the accounting system newly acquired fixed assets and those disposed
• Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects
• Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger
• Perform depreciation calculation for all fixed assets
• Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets
• Perform asset retirement obligation calculations for ARO applicable assets
• Supports periodic reviews on intangible assets’ impairment
• Initiates inventory counts of fixed assets physically
• As may be requested by management, perform fixed asset related analyses
• Build fixed asset related audit schedules, and collaborate with auditors on their assignments
• Track Company’s fixed asset spending in relation to its capital budget, as well as management authorizations.