Record to Report Ops New Associate

Skill required: Record to Report - Fixed Asset Accounting
Designation: Record to Report Ops New Associate
Qualifications:BCom,BBA
Years of Experience:0 - 1 Year
Language - Ability:English - Expert
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song all powered by the worlds largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do? The selected persons should be willing to perform such projects / tasks which provides them an overview of the work in the General Accounting services area for retail business. Identified individuals should understand the client business, technology, process details and procedures. This role consist of recording, monitoring and reporting Asset Acquisition / Creation, Transfer/ Retirement/ Impairment, Depreciation and completing all month end activities including Reconciliations. You will be responsible for monitoring projects in Fixed assets Capital WIP account and ensuring appropriate accounting treatment at period close. You will be processing requests for transfer / retirement / disposal of fixed assets. You will support documentation of asset inventory checks. You will execute the monthly depreciation run and necessary entries. You will also complete all month end activities, including reconciliations and reporting as required. You will support the company goals by focusing on personal accountability, customer service and work efficiency.
What are we looking for? Commerce Graduate with 1-3 years of experience in Fixed Assets Accounting Candidate must possess strong written and verbal communication skills, be well organized, detail oriented, and have the ability to perform in a fast-paced changing environment Experience working with accounting applications preferred; PDI, AS400, JDE, SAP, Recon Net, Blackline, Service-now
Roles and Responsibilities: In this role, you are required to fulfil below responsibilities: - Record fixed asset acquisitions and dispositions in the Fixed Asset System (FAS) Track the compilation of projects costs in Purchase Order/Project Accounting (POPA) system into the FAS system when projects have been completed Prepare project entries as needed to ensure correct recording of invoices. Assist with the set-up of assets. Reconcile the account balances in FAS subsidiary ledger to the Property, Plant, and Equipment (PP&E) General Ledger accounts Complete depreciation and economic penalty analysis on asset additions Run depreciation calculation in FAS for all fixed assets and prepare journal entries Support Tax Department with fixed asset data requests. Responsible for ensuring store asset audits are performed every 5 years. Prepares financial reports by collecting, analyzing and summarizing account information and trends. Documents financial transactions by entering account information, while substantiating these transactions by auditing documents when needed Ensures compliance with requirements, policies and regulations by enforcing adherence to corporate controls and policies. Maintains financial security by ensuring that internal controls and SOX controls are being followed Adhere to Company and department policies and procedures Promptly and effectively communicating with both internal and external stakeholders