Description of the duties of #property accountant;
Fixed assets are one of the most important items in accounting, and accordingly, its accounting is also important.
Accounting related to fixed assets is actually keeping information related to fixed assets and its location and finally calculating the value of fixed assets after the elapsed time of property accounting duties.
Description of the duties of the property accountant in general
– Registration of documents related to the purchase of fixed assets
– Coding design of fixed assets accounts based on the standard
– Fixed asset label design based on asset group and location
– Calculation of depreciation of fixed assets based on accounting standards
– Registration of depreciation costs of fixed assets based on accounting standards
– Carrying out accounting operations for the transfer and movement of fixed assets
– Registering information about fixed assets in accounting software
-Registration of the document of sale of fixed assets
– Registration of exchange of fixed assets
and any task assigned to the property accountant.
Description of the duties of the property accountant in terms of reports
– Asset list report along with deployment list
– Book value report of fixed assets
-Reports related to depreciation calculations according to the standard
– Report of sold assets with profit and loss from sale
– Report of exchanged assets
– Report of missing property
– Report of liquidated assets
and any reports assigned to the warehouse accountant.
Description of the duties of the property accountant in terms of maintenance
– Maintaining documents related to existing fixed assets
– Keeping documents related to the sold fixed asset
– Keeping the documents and documents of the transferred property
-Keeping documents related to asset repairs separately
-Keeping periodic backups of the accounting software
and maintaining any documents and documents that lead to records of fixed assets.
Description of the duties of the property accountant in terms of cooperation
– Cooperation with the manager and head of accounting
– Cooperation with the internal auditor
– Cooperation with an independent auditor
– Cooperation with financial accounting
– Cooperation with the procurement officer
and any cooperation that is necessary to improve the accounting process of fixed assets.
Description of duties of property accountant in terms of professional ethics
– Protection of property based on internal regulations
-Periodic disobedience to ensure the desired assets
– Keeping foreclosure assets in financial statements
– Report any suspicious cases in the preservation of assets to superiors
-Reporting the misuse of company assets by individuals to the superior management
– Providing suggestions and solutions to improve the accounting process of fixed assets
And any duty that the accountant deems ethically necessary or has internal instructions in this regard.
Description of the duties of the property accountant in terms of control
– Controlling issued accounting documents and resolving discrepancies
– Controlling the classification of assets and correcting discrepancies
– Controlling the book value of assets
-Control of depreciation calculations and correction in case of discrepancies
– Control of assets in terms of location and necessary corrections
– Control of fixed asset purchase invoices with issued documents
and any necessary controls entrusted to the property accountant.
Mehdi Koh Soltani (financial services, accounting, financial and tax consultant):
Link to the audit accounting clinic
https://t.me/joinchat/BnzBsTuioTshiXBwf9bBPQ
This post is written by Mahdi_kohsoltani