Property and Fixed Asset Accountant Job Description

October 1, 20110 Comments

The job of a property and fixed asset accountant is basically to keep the tracks and evaluate the value of assets of a company. Every company has fixed and liquid assets. The job of a property and fixed asset accountant is to keep track of the financial details of all fixed assets and property. According to the economic, social and political changes in the county, the value of assets fluctuates. A fixed asset accountant makes regular evaluation on the value of the assets.

Property and fixed asset accountant duties and responsibilities

The duties and responsibilities of a property and fixed asset accountant are:

  • The accountant has to maintain and manage the records of the assets so they will have to   monitor property and fixed assets regularly, in addition to maintaining records of all previous valuation and fluctuation in prices
  • He or she will have to prepare accounts and records regularly. for acquisition of new assets
  • He or she will have to evaluate and calculate the value depreciation of assets
  • He or she will have to keep a perfection in maintaining the records so has to   report to the management of the company and provide suggestions regarding further investments and prospects of existing assets
  • He or she will have to inform and maintain the legal formalities also related to company. So has to form a liaison on behalf of the company with government agencies related to property and fixed assets
  • H or she will have to keep the knowledge of the latest economic, political and social scenario of the country in order to estimate the fluctuation of value of fixed assets
  • As he or she has to perform all the duties related to legalities so has to prepare tax statements and file returns for all assets
  • He or she has to keep a very nice  track about the assets such as how much assets are costing the company in terms of tax and maintenance expenses

Property and fixed asset accountant skills and specifications

The skills and specifications required for the job of a property and fixed accountant are:

  • As it is the field requiring the knowledge about the assets so excellent accounting knowledge with regard to assets and properties in particular is necessary.
  • The candidate should have the power of  strong estimation and has the ability to predict the fluctuation of values of assets
  • The candidate should have the skills in communication, analytical and observation
  • The candidate should have the ability to prepare the records ,statements and accounts and can  work with high precision and efficiency in preparing financial statements

Property and fixed asset accountant education and qualification

The basic and the most important requirement for the job is that the candidate should have a bachelor’s degree in accounting for the job of a property and fixed asset accountant.

Property and fixed asset accountants salary

The Salary of a property and fixed asset accountant can be $30,000 and $55,000 yearly and there is the possibility of  increment depending up on the qualities and excellence.

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