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Fixed Asset Accountant skills for your resume and career

Updated January 8, 2025
4 min read
Quoted Experts
Dr. Richard Hale,
Dr. George Young
Fixed Asset Accountant Example Skills
Below we've compiled a list of the most critical fixed asset accountant skills. We ranked the top skills for fixed asset accountants based on the percentage of resumes they appeared on. For example, 16.3% of fixed asset accountant resumes contained fixed assets as a skill. Continue reading to find out what skills a fixed asset accountant needs to be successful in the workplace.

15 fixed asset accountant skills for your resume and career

1. Fixed Assets

Here's how fixed asset accountants use fixed assets:
  • 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.

2. Reconciliations

Here's how fixed asset accountants use reconciliations:
  • 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.

3. Asset System

Here's how fixed asset accountants use asset system:
  • 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.

4. GAAP

Here's how fixed asset accountants use gaap:
  • Performed cost adjustments, depreciation/amortization, retirement or disposal consistently with GAAP.
  • Reviewed potential fixed asset invoices in accordance with capitalization policies and 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 fixed asset accountants use financial statements:
  • 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.

6. Account Reconciliations

Here's how fixed asset accountants use account reconciliations:
  • 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.

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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 fixed asset accountants use cip:
  • 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.

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 fixed asset accountants use general ledger accounts:
  • 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.

9. Asset Accounts

Here's how fixed asset accountants use asset accounts:
  • 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.

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 fixed asset accountants use capital projects:
  • 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.

11. External Auditors

Here's how fixed asset accountants use external auditors:
  • 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.

12. SOX

Here's how fixed asset accountants use sox:
  • Set up a consolidated and centralized SOX depository for required documentation.
  • Maintained and monitored internal SOX compliance procedures.

13. Capital Expenditures

Here's how fixed asset accountants use capital expenditures:
  • 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.

14. Accruals

Here's how fixed asset accountants use accruals:
  • Prepared project authorization reports and accruals on a monthly basis for Senior Management.
  • Calculated and reconciled deferred rent liability accruals for office leases.

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 fixed asset accountants use asset management:
  • 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.
top-skills

What skills help Fixed Asset Accountants find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What skills stand out on Fixed Asset Accountant resumes?

Dr. Richard Hale

Associate Professor of Accounting, Berea College

When we meet with practitioners, the most commonly requested skills are:
-The ability to think critically about situations
-Good communications skills in writing
-The ability to speak in public and present ideas
-Working well with others
-The ability to work independently

Notice that these skills are not dependent upon any particular technology or discipline.
An advantage we have at Berea College, a liberal arts college, is that we incorporate these foundational skills into all we do.
Indeed, we also have our students master working with spreadsheets, develop skills in data analytics, and study all aspects of the business from Management, Economics, Finance, and Marketing.
As accounting is the business language, our students have more excellent business knowledge than other studies.

A key distinction for Berea College students is that all students must work for the college while they attend.
These jobs may vary from raising livestock to working in Accounts Payable. But all Berea graduates have years of practical work experience.
A core component of a Berea College education is to value the labor experience. We believe they enter the post-collegiate workforce with a significant advantage over their peers.

What soft skills should all Fixed Asset Accountants possess?

Dr. George Young

Director, Florida Atlantic University

The soft skills of communicating orally and in writing will always be more important. These skills, which develop over time, enable one to minimize misunderstandings and convey messages with sufficient clarity that they contribute to the mission of the employer. Related to communication is the skill of interacting with others; exercise of this skill allows the creation and maintenance of a more respectful and inclusive environment. Every student should remember this: The practice of honing the skill of treating others with fairness and respect not only increases the likelihood that the employer's firm succeeds, but it also increases the likelihood that the student will continue to experience success in life.

What hard/technical skills are most important for Fixed Asset Accountants?

Dr. George Young

Director, Florida Atlantic University

Besides becoming fluent in accounting, which is the language of business, students should take every opportunity to learn more about spreadsheet software such as Excel and increase their skills in using Tableau. These types of software enable accountants to analyze, summarize, and communicate their results in an understandable manner.

What Fixed Asset Accountant skills would you recommend for someone trying to advance their career?

Hollis Skaife Ph.D.Hollis Skaife Ph.D. LinkedIn Profile

Professor of Accounting, UC-Davis

Be gracious, curious, and keep learning.

What type of skills will young Fixed Asset Accountants need?

Delvin GrantDelvin Grant LinkedIn Profile

Associate Professor, DePaul University

The ability to problem solve, which requires an understanding of the problem and a structured approach towards the solution. The ability to apply concepts learned in one discipline to another. Quite often, students are unable to see how a concept translates from one domain to another, and this stifles innovation.
Do you want to know more?
Read more about what experts have to say about Fixed Asset Accountant

List of fixed asset accountant skills to add to your resume

Fixed Asset Accountant Skills

The most important skills for a fixed asset accountant resume and required skills for a fixed asset accountant to have include:

  • 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

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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