Full Job Description
Role: Fixed asset Accountant

Location: Mumbai (Sakinaka)

No. of days working days / Model: 6 days / WFO

Position Description
Fixed Asset Accountant

Basic Function
The fixed asset accountant position is accountable for recording the cost of newly-acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation, and accounting for the disposition of fixed assets.

Principal Accountabilities
Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
Recommend to management any updates to accounting policies related to fixed assets.
Assign tag numbers to fixed assets.
Record fixed asset acquisitions and dispositions in the accounting system.
Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
Calculate depreciation for all fixed assets.
Review and update the detailed schedule of fixed assets and accumulated depreciation.
Calculate asset retirement obligations for those fixed assets to which AROs are applicable.
Investigate the potential obsolescence of fixed assets.
Conduct periodic impairment reviews for intangible assets.
Conduct periodic physical counts of fixed assets.
Recommend to management whether fixed assets should be disposed of.
Conduct analyses related to fixed assets as requested by management.
Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
Prepare property tax returns.
Represent the company during any audits by a government that involve fixed assets.
Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
About the Company :

PhysicsWallah is an Indian online education technology startup based in Delhi, originally created as a YouTube channel in 2014 by Mr Alakh Pandey.

It is the first company aiming to build an affordable online education platform for each Indian student who dreams of IIT & AIIMS but is unable to afford the existing offline/online education providers.

They provide e-learning via our YouTube Channel and PhysicsWallah App/Website by providing lectures for JEE Mains and Advanced level, NEET and Board Exams.