Fixed Assets Unit Manager Saudi Holding Co
Posted on :
28-06-2024
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1 Vacancy
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Job Description
- Maintain a register of the company's fixed assets.
- Adhere to monthly closing schedules for asset additions, depreciation calculations, and period closure.
- Capitalize all new assets accurately and on time, ensuring the intermediary account balance for asset additions is zero at the end of each month.
- Analyze the account for projects under construction monthly, ensuring no balances exist for ready-to-use assets that have not been capitalized.
- Ensure capitalization standards are applied according to the company's accounting policies.
- Reconcile balances between the subsidiary ledger and the general ledger monthly, verifying their accuracy through detailed analytical reports on asset additions, accumulated depreciation, and depreciation expenses.
- Ensure all capital expenditure invoices recorded in accounts payable are registered, posted, and capitalized on time each month.
- Review all asset components in coordination with beneficiary departments or end-users to ensure the application of asset component standards.
- Participate in classifying budget items for capital and operational expenditures and their related accounting treatments.
- Address and resolve issues, recommendations, and challenges raised by internal and external audits.
- Perform additional tasks as needed, such as providing support to other financial departments, inventory, coding of assets, data migration between systems, etc.
- Update asset movement transactions in the system, ensuring these match actual physical movements.
- Complete and review the valuation of assets and provisions for asset impairment or disposals.
Employment Type
Full Time
Company Industry
Department / Functional Area
Key Skills
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