Fixed assets section

Activities:

(a) Create and monitor a system of controls, procedures, and forms for the recording of fixed assets;

(c) Recommend to management updates to accounting policies related to fixed assets including disposition;

(d) Assign codes and labelling to fixed assets.;

(e) Conduct physical inventory, record fixed asset acquisitions, depression and dispositions in the acceptable accounting system;

(f) Reconcile the balance in the fixed asset subsidiary ledger to the summary-level accounting the general ledger;

(g) Investigate the potential obsolescence of fixed assets;

(h) Conduct analyses related to fixed assets as requested by management;

(i) Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries;

(j) Represent the company during any audits by a government that involve fixed assets; and

(k) Track expenditures of the Institute for fixed assets in relation to the capital budget and management authorizations.