Corporate accountant vs fixed asset accountant

The differences between corporate accountants and fixed asset accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a corporate accountant and a fixed asset accountant. Additionally, a corporate accountant has an average salary of $64,300, which is higher than the $59,691 average annual salary of a fixed asset accountant.

The top three skills for a corporate accountant include reconciliations, GAAP and account reconciliations. The most important skills for a fixed asset accountant are fixed assets, reconciliations, and asset system.

Corporate accountant vs fixed asset accountant overview

	Corporate Accountant	Fixed Asset Accountant
Yearly salary	$64,300	$59,691
Hourly rate	$30.91	$28.70
Growth rate	6%	6%
Number of jobs	54,174	42,860
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 76%	Bachelor's Degree, 77%
Average age	44	44
Years of experience	4	4

What does a corporate accountant do?

A corporate accountant is an individual who prepares financial statements and maintains financial records of an organization to ensure that they comply with laws, regulations, and the organization's policies. Corporate accountants are required to analyze financial statements to help executives make financial decisions for the organization. They must collect ledgers and financial reports from divisional offices and prepare corporate financial statements for executives. Corporate accountants must also prepare budgets to allocate funds for spending for each department.

What does a fixed asset accountant do?

A fixed asset accountant is responsible for processing statement reports for the company's assets, organizing account records, and handling bank reconciliations and disputes. Fixed asset accountants must have excellent knowledge of the accounting principles to determine and track the assets dispositions in various accounting systems for reference. They also ensure the accurate balance and calculate the value of all fixed assets for reports. A fixed asset accountant should be highly analytical to measure asset obligations and provide recommendations for asset acquisition.

Corporate accountant vs fixed asset accountant salary

Corporate accountants and fixed asset accountants have different pay scales, as shown below.

	Corporate Accountant	Fixed Asset Accountant
Average salary	$64,300	$59,691
Salary range	Between $46,000 And $89,000	Between $46,000 And $76,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	New York	New York
Best paying company	Putnam Investments	Apple
Best paying industry	Finance	Energy

Differences between corporate accountant and fixed asset accountant education

There are a few differences between a corporate accountant and a fixed asset accountant in terms of educational background:

	Corporate Accountant	Fixed Asset Accountant
Most common degree	Bachelor's Degree, 76%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Corporate accountant vs fixed asset accountant demographics

Here are the differences between corporate accountants' and fixed asset accountants' demographics:

	Corporate Accountant	Fixed Asset Accountant
Average age	44	44
Gender ratio	Male, 43.1% Female, 56.9%	Male, 43.8% Female, 56.2%
Race ratio	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 13.0% White, 63.0% American Indian and Alaska Native, 0.5%	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.7% Asian, 13.0% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between corporate accountant and fixed asset accountant duties and responsibilities

Corporate accountant example responsibilities.

Lead successful implementation of PeopleSoft fix asset software module.
Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Perform month-end closing responsibilities, month-end accruals, expense allocations across business units and legal entities, and account reconciliations.
Perform general accounting assignments including accruals, profit and loss reports and reconciliations.
Prepare monthly journal entries and variance reconciliations primarily relating to compensation, operational accruals, investments, and partnerships.
Perform detailed and extensive schedules and analysis for annual audits by an outside CPA firm as required by law.

Fixed asset accountant example responsibilities.

Lead the discussions on the level of asset componentization with respect to compliance IFRS standards.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Monitor purchase orders and calculate month-end accruals.
Support internal and external audit requirements and verify SOX documentation.
Calculate and reconcile deferred rent liability accruals for office leases.
Set up a consolidate and centralize SOX depository for require documentation.

Corporate accountant vs fixed asset accountant skills

Common corporate accountant skills

Reconciliations, 14%
GAAP, 6%
Account Reconciliations, 6%
CPA, 5%
General Ledger Accounts, 5%
External Auditors, 4%

Common fixed asset accountant skills

Fixed Assets, 16%
Reconciliations, 8%
Asset System, 6%
GAAP, 5%
Financial Statements, 4%
Account Reconciliations, 4%

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Corporate Accountant vs Fixed Asset Accountant

Updated January 8, 2025

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