The Moment Group - Fixed Assets
Makati, Metro Manila, Philippines
The fixed asset is accountable for recording the cost of newly-acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording project cost, recording depreciation and accounting for the disposition of fixed assets.
What you’re expected to do?
Recommend to management any updates to accounting policies related to fixed assets
Assign tag numbers to fixed assets.
Create and monitor a system/internal of controls, procedures, and forms for the recordation of fixed assets.
Investigate the potential obsolescence of 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 an payabled accumulated depreciation.
Conduct periodic impairment reviews for intangible assets.
Conduct inventory physical counts of fixed assets.
Recommend to management whether fixed assets should be disposed of.
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 budget and management authorizations.
Monitor advances to supplier’s transactions that has been paid already that necessarily needs reversal & to categorize what proper entries of GL account to be entered in Navigation.
Resolved problem issues related to FA recording, SOA recon, Navigation Problem, & vendors outstanding balances.
Monitor/ check/review vendor’s outstanding balances report.
Coordinate/Monitor/records/ all stores asset disposals/asset transfers.
Validate & check the Net book value of the Asset before disposing it
Maintain accuracy of fixed asset accounting entries in Navigation accordance with GAAP (generally Accepted Accounting Principles), standard policy & procedure of the company, & BIR rules.
Check/validate/Approved Fixed Asset Accounts Payable voucher payment request.
Maintain/monitor/check Records of Asset transfer to other entities.
Monitor/review the report of fixed assets disbursements summary of all entities.
Prepare AP Aging related to Fixed Assets of all entities.
Investigate possible double payment/request of vendors for every fixed asset Purchased requesting for payments.
Assign tag numbers to fixed assets, store visits for assets tagging/ fixed asset inventory count
Who can have a seat at the table?
Bachelor’s degree in Accountancy
Has background in Fixed Asset
Has an analytical mind.
Good communication skills – both written and verbal.
Knowledge in NAV (Navision).
Detailed and desire to probe further into data.
About The Moment Group
Read more about Us
In its first decade in F&B, Moment has established 13 home-grown food brands, under which 50 doors have collectively been opened in and outside of Metro Manila.
Read more about Us
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