Accountant II: Fixed Asset - Woolworths

 Accountant II: Fixed Asset

Advert reference: woolw_000026

Advert status: Online

Apply by: 18 March 2021

Position Summary

Industry: Auditing/Accounting

Job category: Cost Accounting

Location: Cape Town

Contract: Permanent

Remuneration: Market Related

Job description

• Monitor current systems and controls related to assets and capital expenditure to ensure compliance with procedures and to raise concerns regarding non-compliance:
• Provides monthly asset reports and evaluates capital expenditure
• Ensures that correct capital / revenue allocation are made
• Correct rates of wear and tear are applied to capitalized assets
• Processes all assets and reports on assets and capital expenditure.
• Ensure data integrity in the fixed assets register for book and tax values.
• Transfer / disposal / acquisition / depreciation of assets as per authorized requests.
• Complete monthly fixed asset reporting downloads and compares these to ledger
• Perform age analysis of capex accruals.
• Set monthly depreciation to run
• Clear out Work In Progress account when projects are completed, to asset register
• Preparation of monthly reconciliations and fixed asset register
• Work in Progress account reconciled into asset categories
• Fixed Asset book cost to fixed asset tax cost
• Disposal cost and proceeds
• Prepare budget depreciation simulation on current and expected future assets
• Monitor the spend against authorized values of projects and follow up on any overspends and overall progress
• Finalise the project on completion by filing all documentation and settling the project out of the work in progress account into the correct asset categories
• Establish SLA with key stakeholders / customers.
• Prepare monthly operational reports.Assist with completion of half-yearly and year-end financial packs

Minimum requirements

• Accounting degree or diploma (B.Com or similar)
• Sound understanding of accounting processes and control requirements
• 1-2 years’ experience in a Fixed Assets environment
• Ability to document and implement financial processes in a large organization
• Strong Excel skills and the ability to work with large volumes of data

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