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Research Summary. Below we've compiled a list of the most important skills for a fixed asset accountant. We ranked the top skills based on the percentage of fixed asset accountant resumes they appeared on. For example, 16.3% of fixed asset accountant resumes contained fixed assets as a skill. Let's find out what skills a fixed asset accountant actually needs in order to be successful in the workplace.

  • The most common hard skill for a fixed asset accountant is fixed assets. 16.3% fixed asset accountants have this skill on their resume.
  • The second most common hard skill for a fixed asset accountant is reconciliations appearing on 8.2% of resumes. The third most common is asset system on 5.7% of resumes.
  • Three common soft skills for a fixed asset accountant are organizational skills, analytical skills and communication skills.

Below we've compiled a list of the most important skills for a fixed asset accountant. We ranked the top skills based on the percentage of fixed asset accountant resumes they appeared on. For example, 16.3% of fixed asset accountant resumes contained fixed assets as a skill. Let's find out what skills a fixed asset accountant actually needs in order to be successful in the workplace.

15 Essential Fixed Asset Accountant Skills For Your Resume And Career

1. Fixed Assets

Here's how fixed assets is used on fixed asset accountant resumes:
  • Managed the fixed assets of the corporation and instrumental in implementing a projecting tracking system to help streamline identification of assets
  • Collaborate with external auditors and management team reviewing fixed assets guidelines and ensuring all policies are according to regulatory compliance.
  • Prepared analyses on changes in the Fixed Assets and accumulated depreciation accounts and communicated findings and recommendations to management.
  • Establish process improvements for monitoring keying of fixed assets, retaining documentation, and performance of reconciliations.
  • Tracked company expenditures for fixed assets in comparison to the capital budget and management authorizations.

2. Reconciliations

Here's how reconciliations is used on fixed asset accountant resumes:
  • Participated in the monthly closing process by preparing applicable journal entries and General Ledger account reconciliations for Capital Assets.
  • Conducted various general ledger entries for inter-company transactions, various operating items and monthly reconciliations for general ledger accounts.
  • Analyzed asset accounts to identify, document and correct discrepancies to ensure the monthly reconciliations are accurately stated.
  • Developed Excel models to automate the matching and verification of transactions for reconciliations.
  • Completed all fixed asset Balance Sheet account reconciliations and evaluated respective currency exposure.

3. Asset System

Here's how asset system is used on fixed asset accountant resumes:
  • Review monthly asset additions and construction in process assets and enter into fixed asset system for proper depreciation calculations.
  • Maintain the computerized fixed asset system, calculating and recording the appropriate depreciation.
  • Participated in reconciling reports between Fixed Asset system and General Ledger.
  • Maintained fixed asset system including new digital cable capital requirements.
  • Served as project team representative for fixed-asset system implementation.

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4. GAAP

Here's how gaap is used on fixed asset accountant resumes:
  • Performed cost adjustments, depreciation/amortization, retirement or disposal consistently with GAAP.
  • Reviewed potential fixed asset invoices in accordance with capitalization policies and GAAP.
  • Developed new streamlined asset capitalization guidelines and complying with GAAP.
  • Processed equipment maintenance reports and capitalized assets according to GAAP.
  • Resolve all variances on a timely basis and assure that balance accurately reflects the asset or liability based on GAAP.

5. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how financial statements is used on fixed asset accountant resumes:
  • Supervised monthly closing procedures of retail operations and review financial statements for differences to the annual sales and operating budgets.
  • Performed variety of accounting and internal audit functions including preparation of financial statements for Commercial Real Estate Management Company.
  • Prepared monthly financial statements and performed general bookkeeping functions for new collaborative parent group, CentraCare Health Systems.
  • Collaborated with other accounting functions to ensure timely close of financial statements and reconciliation procedures.
  • Performed accounts payable functions and analyzed financial statements for rental properties.

6. Account Reconciliations

Here's how account reconciliations is used on fixed asset accountant resumes:
  • Maintained Access databases ensuring their accuracy and completeness for the purpose of posting automated general ledger entries and prepare account reconciliations.
  • Reviewed monthly account reconciliations to verify ledger balances had proper source documentation and ensured successful resolution of inconsistencies within department parameters.
  • Managed monthly journal activities and balance sheet account reconciliations, preparing financial statements and presenting quarterly consolidated package to parent company.
  • Take on special projects as needed including automation of vendor payments, automation of account reconciliations, and financial reporting improvements.
  • Performed monthly general ledger maintenance for various clients, including bank reconciliations, adjusting journal entries and account reconciliations.

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7. CIP

A Capital Improvement Plan (CIP) is a planning tool used to coordinate the timing and financing of capital improvements over a period of several years. It helps organizations make good budget decisions for large projects and purchases based on objectives and resources. The purpose of a CIP is to identify capital improvement projects, identify and forecast funding sources, prioritize improvements based on available funds, and estimate a timeline for completing the improvements.

Here's how cip is used on fixed asset accountant resumes:
  • Processed system-generated edit reports, monthly depreciation and CIP reports.
  • Tracked all construction in progress (CIP) invoices and reviewed for appropriate recording based on the company's capitalization policies.
  • Worked with eligible assets under threshold and Work-In-Progress (CIP) accounts, capitalized items as exceptions to new warehouse openings
  • Coordinated meetings with project managers as part of supervision duties to review CIP progress and spending on all projects.
  • Processed monthly, quarterly and yearly reports due to Corporate for fixed assets, CIP and cost of quality.

8. General Ledger Accounts

A general ledger account is a practice to keep a record of a company's total financial accounts. The accounts included in a general ledger lists the assets, liabilities, owners' equity, expenses, and income or revenue. It forms the basis of reporting a business's financial statements.

Here's how general ledger accounts is used on fixed asset accountant resumes:
  • Prepared journal entries and managed/reconcile general ledger accounts in relation to month and year-end closing activities.
  • Prepared IRR analysis for significant capital expenditures and completed reconciliation for various general ledger accounts.
  • Reconciled cash and various general ledger accounts to source documents and investigated discrepancies.
  • Balanced asset and depreciation general ledger accounts at month-end.
  • Reconciled general ledger accounts and capital spending to budget.

9. Asset Accounts

Here's how asset accounts is used on fixed asset accountant resumes:
  • Managed and analyzed activity in the fixed asset accounts for proper disposition and capitalization.
  • Prepared and reviewed assigned account reconciliation to ensure all asset accounts are fairly stated.
  • Reconciled Fixed Asset accounts and monthly construction-in-progress reports to the General Ledger.
  • Reconciled physical inventory results from plants to appropriate asset accounts.
  • Complete monthly reconciliation of receivable and fixed asset accounts.

10. Capital Projects

A capital project is a long-term project carried out by professional teams to build, improve, maintain or develop a huge project that will help improve the asset of a city. This project involves a significant and constant flow of investments. A capital project can be new construction, the purchase of land or property, leasing a property, the renovation of an existing building, or the purchase of new equipment.

Here's how capital projects is used on fixed asset accountant resumes:
  • Prepared capital expenditures forecasts, coordinated budgeting for new capital projects, and recorded capital acquisitions into subsidiary fixed asset ledger.
  • Work collaboratively with Pfizer capital and finance leaders to ensure large scale capital projects are closed and recorded timely and accurately.
  • Reduced overspending on capital projects by developing reports to aid engineers in analysis of project spending.
  • Completed capital project post-audits to ensure operating profit results and cost savings initiatives from capital projects.
  • Communicated budgetary information of capital projects, which include project overage and cost structure.

11. External Auditors

Here's how external auditors is used on fixed asset accountant resumes:
  • Develop supporting documentation for audits and interact with internal and external auditors, ensuring adherence to company's policies and procedures.
  • Prepare audit schedules and resolve audit issues identified by external auditors, prepare depreciation and other fixed asset-related entry adjustments.
  • Worked regularly with external auditors to ensure department was in compliance with Sarbanes-Oxley regulations.
  • Provided documents to support additions and disposals selected by external auditors to review.
  • Assisted plant managers to resolve inquiry and documentation requested by external auditors.

12. SOX

Here's how sox is used on fixed asset accountant resumes:
  • Set up a consolidated and centralized SOX depository for required documentation.
  • Maintained and monitored internal SOX compliance procedures.
  • Worked closely with internal audit consultants to form narratives and mitigate risk while implementing internal controls for SOX compliance.
  • Utilized developed procedures during daily performance of duties related to the Fixed Asset functionality and relative to SOX compliance.
  • Created and documented accounting policies and procedures for compliance with company policy and SOX.

13. Capital Expenditures

Here's how capital expenditures is used on fixed asset accountant resumes:
  • Analyzed capital expenditures and prepared reporting for Tax Return-to-Provision QLHI/QIP eligibility, Repairs & Maintenance/Developed Software expense, Sec.
  • Prepared capital expenditure reports for several projects on a monthly basis, comparing actual expenditures to their budgeted amounts.
  • Monitored company-wide capital expenditures; produced monthly reports, assisted with budget preparation and executed year-end procedures for management
  • Prepared and issued capital expenditure reports, forecasts and budgets for distribution to senior leadership and financial package.
  • Prepared capital expenditures request & financial analysis maintain the fixed asset sub ledger and prepare monthly capital reports.

14. Accruals

Here's how accruals is used on fixed asset accountant resumes:
  • Prepared project authorization reports and accruals on a monthly basis for Senior Management.
  • Calculated and reconciled deferred rent liability accruals for office leases.
  • Calculated and posted property tax accruals for seventy-five locations.
  • Monitored purchase orders and calculated month-end accruals.
  • Prepare project related accruals during month end close and provide explanations for changes in software and consulting related expense accounts.

15. Asset Management

Asset management describes the management of assets that are invested on behalf of various industries. It is the process of developing, operating, maintaining, and selling assets for profit and managing the money for individuals and companies through stocks, bonds, and cash equivalents, among other things.Alternatively, asset management enables a business to keep track of all of its assets, helps ensure correct depreciation rates, helps identify and manage risk, and removes ghost assets from business inventory.

Here's how asset management is used on fixed asset accountant resumes:
  • Maintain individual assets in Asset Management for over 600+ hospitals and conduct quarterly disposal procedures.
  • Manage General ledger to Asset Management system reconciliation on a monthly basis.
  • Code invoices to ensure proper categorization and entry into Asset Management system.
  • Utilized Lawson Activity Management and Asset Management programs for transactions.
  • Research historical records to further improve fixed asset management.
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The eight most common skills based on Fixed Asset Accountant resumes in 2023.

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List Of Skills To Add To Your Fixed Asset Accountant Resume

According to recent trends, the most relevant fixed asset accountant Resume Keywords for your resume are:

  • Fixed Assets
  • Reconciliations
  • Asset System
  • GAAP
  • Financial Statements
  • Account Reconciliations
  • CIP
  • General Ledger Accounts
  • Asset Accounts
  • Capital Projects
  • External Auditors
  • SOX
  • Capital Expenditures
  • Accruals
  • Asset Management
  • Internal Controls
  • Audit Schedules
  • Project Cost
  • Balance Sheet Accounts
  • Pivot Tables
  • Purchase Orders
  • Asset Acquisitions
  • Sage
  • Capital Budgets
  • Financial Reports
  • Close Process
  • Asset Additions
  • CAPEX
  • Variance Analysis
  • Asset Sub-Ledger
  • Asset Transactions
  • Payroll
  • Financial Data
  • Shared Services
  • Property Tax Returns
  • Sarbanes-Oxley
  • Hyperion
  • Physical Inventory
  • Ledgers
  • Capital Assets
  • Capital Spending
  • Asset Inventory
  • Account Analysis
  • Asset Module
  • Balance Sheet Reconciliations
  • AFE
  • Asset Reports
  • IFRS

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Online Courses For Fixed Asset Accountants

One of the best ways to acquire the skills needed to be a fixed asset accountant is to take an online course. We've identified some online courses from Udemy and Coursera that will help you advance in your career. Since fixed asset accountants benefit from having skills like fixed assets, reconciliations, and asset system, we found courses that will help you improve these skills.

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1. Assets in Accounting

coursera

In this second course, you will dive deeper into the world of bookkeeping and focus on accounting for assets. If you are familiar with bookkeeping basics, such as double entry accounting, you are ready for this course. You will gain an understanding of common asset types, learn how to account for inventory, calculate cost of goods sold, and work with Property, Plant, and Equipment (PP&E). Upon completing this course, you will use your new knowledge of assets to record transactions and produce...

2. Accounting Analysis I: Measurement and Disclosure of Assets

coursera

**NOTE: You should complete the Accounting Analysis I: The Role of Accounting as an Information System course or be familiar with the concepts taught there before beginning this course.** This course is the second course in a five-course Financial Reporting Specialization that covers the collection, processing, and communication of accounting information (via financial reports) about economic entities to interested parties (i.e., managers and external stakeholders such as stockholders and...

3. Financial Accounting-Depreciation Calculation & Fixed Assets

udemy
4.7
(292)

Depreciation calculation, straight line method, double declining method, units of production method and disposal assets...

4. Financial Accounting Payroll

udemy
4.5
(1,253)

Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...

5. Financial Accounting: Advanced Topics

coursera

In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement. Upon successful...

6. Financial Accounting Subsidiary Ledgers & Special Journals

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4.4
(432)

Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal...

7. Financial Accounting-Adjusting Entries & Financial Statement

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Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...

8. Financial Accounting: The Complete Introductory Crash Course

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Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...

9. Introductory Financial Accounting

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(654)

Learn the basics of Accounting including: the accounting cycle, inventory, depreciation, receivables, and more!...

10. Accounting 101 - The Principles Of Accounting

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4.6
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The Easiest Course In Accounting!...

11. Accounting & Bookkeeping Masterclass - Beginner to Advanced

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Accounting, Bookkeeping Introduction, Accounting, Bookkeeping Entries, Accounting, Bookkeeping Adjustments & Reports...

12. Accounting basics, create financial statements easily

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Discover, develop, practice your financial information and explore the world of accounting...

13. Principles of Financial Accounting

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4.3
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Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...

14. Financial Accounting & ExcelComprehensive Accounting Course

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4.1
(612)

Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...

15. Accounting 101: How to read an Accounting Balance Sheet

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(2,098)

Accounting 101: Non-Accountants' Guide to Accounting. Learn Accounting. Get Paid More, and Get Promoted Faster!...

16. Advanced Financial Accounting

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Learn advanced financial accounting from a practicing Certified Public Accountant (CPA)...

17. Accounting, Bookkeeping & Financial Analysis (Accounting)

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Accounting & Bookkeeping Basics. Accounting & Financial Analysis Concepts. Learn Accounting & Bookkeeping...

18. Accounting 2 Simplified for You

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Manage payroll, cash, receivables, inventories & liabilities in easy to follow steps. Great companion of Accounting 1...

19. Awaken the Accountant in You Master the Accounting Basics

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Learn Accounting to Boost your career, pass an exam, be a screwed entrepreneur!...

20. Introduction to bookkeeping and Accounting

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Introduction to Bookkeeping and Accounting, Assets, liabilities, I & E and the Accounting equation...

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