Fixed Asset Officer

1. Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
2. Assign tag numbers to fixed assets.
3. Record fixed asset acquisitions and dispositions in the accounting system.
4. Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
5. Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
6. Calculate depreciation for all fixed assets.
7. Review and update the detailed schedule of fixed assets and accumulated depreciation.
8. Investigate the potential obsolescence of fixed assets.
9. Conduct periodic physical inventory counts of fixed assets.
10. Conduct analyses related to fixed assets as requested by management.
11. Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
12. Represent the company during any audits by a government that involve fixed assets.
13. Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
14. Assist in other financial tasks.