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Fixed Assets & Inventory Controller

1.00 to 10.00 Years   Al Kuwait, Kuwait   13 Jan, 2022
Job LocationAl Kuwait, Kuwait
EducationNot Mentioned
SalaryNot Mentioned
IndustryRecruitment & Employee Placement Agency; Medical Hospital
Functional AreaNot Mentioned

Job Description

Key Responsibilities

  1. FIXED ASSETS
  • Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
  • Recommend to management any updates to accounting policies related to fixed assets.
  • Assign tag numbers to fixed assets.
  • Conduct periodic physical counts of fixed assets.
  • Ensure that all fixed assets acquisitions, transfers and dispositions are appropriately accounted.
  • 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 and accumulated depreciation.
  • Investigate the potential obsolescence 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.
2.INVENTORY
  • Performing regular stock checks and reporting issues, if any.
  • Spot check physical count of inventory.
  • Compare and analyze actual Vs standard consumption.
  • Any other work assigned by H.O.D.

Keyskills :

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