1- Developing inventory analysis reports and analyzing variances.
2- Assisting in the improvement of internal controls related to inventory.
3- Verifying accurate standard costs monitoring inventory transactions.
4- Record fixed assets by creating and supervising a system of procedures, forms, and controls.
5- Recommend any updates to accounting policies affecting fixed assets to management.
6- Allocate tag numbers to fixed assets to effectively track them from time to time.
7- Record in the accounting system newly acquired fixed assets and those disposed.
8- Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects.
9- Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger.
10- Perform depreciation calculation for all fixed assets.
11- Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets.
12- Perform asset retirement obligation calculations for ARO applicable assets.
13- Carry out periodic reviews on intangible assets’ impairment.
14- Carry out inventory counts of fixed assets physically.
15- Recommend fixed assets that should be disposed off to management.
16- Create fixed asset related audit schedules, and collaborate with auditors on their assignments.
17- Track Company’s fixed asset spending in relation to its capital budget, as well as management authorizations
Deli JW Glassware Company Limited.