Fixed Assets & Cost Accounting Analysis

Position Summary

The Fixed Assets & Cost Accounting Specialist is responsible for fixed asset accounting, inventory costing, cost analysis, and related financial reporting activities within a manufacturing environment. This position ensures compliance with US GAAP, Sarbanes-Oxley (SOX) requirements, company policies, and local statutory regulations.

The role supports accurate product costing, inventory valuation, capital expenditure accounting, month-end closing processes, and internal control compliance while partnering with manufacturing and operational teams to provide timely and reliable financial information.

Key Responsibilities

A. Fixed Asset Accounting

Fixed Asset Management

- Record and maintain fixed asset transactions, including acquisitions, transfers, depreciation, and disposals.

- Ensure fixed asset capitalization complies with VAS and US GAAP requirements.

- Maintain accurate fixed asset registers and supporting documentation.

- Prepare monthly depreciation calculations and journal entries.

- Monitor Construction-in-Progress (CIP) accounts and ensure timely capitalization of completed projects.

- Assist in reviewing Capital Expenditure (CAPEX) requests and supporting documentation.

- Fixed Asset Reconciliation & Verification

- Perform monthly fixed asset reconciliations.

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Perform periodic physical asset verification and annual fixed asset counts.

- Investigate and resolve discrepancies identified during asset verification.

- Prepare reports related to fixed asset movements and balances.

B. Cost Accounting & Inventory Accounting

Product Costing

- Maintain standard costs within the SAP system.

- Perform cost roll and standard cost updates as required.

- Analyze material, labor, and manufacturing overhead costs.

- Review Bills of Materials (BOMs) and routing structures for costing accuracy.

- Inventory Accounting

- Monitor inventory transactions and ensure accurate inventory valuation.

- Prepare inventory reconciliations and inventory-related journal entries.

- Support cycle count and physical inventory activities.

- Analyze inventory reserves, slow-moving, excess, and obsolete inventory.

- Manufacturing Cost Analysis

- Perform monthly variance analysis, including:

- Material Price Variance

- Material Usage Variance

- Labor Variance

- Manufacturing Overhead Variance

- Purchase Price Variance (PPV)

- Investigate significant cost variances and provide explanations.

- Prepare cost reports and manufacturing performance analyses for management.

C. Financial Closing & Reporting

- Support month-end, quarter-end, and year-end closing activities.

- Prepare journal entries related to fixed assets, inventory, and costing.

- Prepare balance sheet reconciliations and supporting schedules.

- Assist in the preparation of financial reports and function reports.

- Ensure accounting records are complete, accurate, and properly supported.

D. SOX Compliance

- Execute assigned SOX controls related to fixed assets, inventory, and cost accounting processes.

- Prepare and maintain required SOX documentation and evidence.

- Support management testing and audit requests related to SOX controls.

- Identify and report control deficiencies to management.

E. Business Support & Process Improvement

- Collaborate with Manufacturing, Operations, Procurement, and Supply Chain teams.

- Support new product costing and profitability analysis.

- Assist with cost reduction initiatives and operational improvement projects.

- Identify opportunities for process optimization and automation.

- Participate in SAP enhancements and finance transformation projects.

• Giờ làm việc: 09:00 - 18:00 • Cấp bậc: Nhân viên (executive)