Dangote Group
Manufacturing
Description
Key Duties and Responsibilities
- ensure accurate upload of all fixed assets in the fixed asset register.
- ensure accurate upload of all fixed assets in the fixed asset register.
- Calculate and record depreciation for all fixed assets in accordance with IFRS and DCP’s depreciation policies.
- Calculate and record depreciation for all fixed assets in accordance with IFRS and DCP’s depreciation policies.
- Review, interpret and apply fixed assets policies to fixed asset transactions at the plant including purchase, valuation, revaluation, accruals, and disposal.
- Review, interpret and apply fixed assets policies to fixed asset transactions at the plant including purchase, valuation, revaluation, accruals, and disposal.
- Reconcile the fixed asset sub-ledger to the general ledger on a periodic basis.
- Reconcile the fixed asset sub-ledger to the general ledger on a periodic basis.
- Ensure supporting plant fixed assets records and schedules are sufficient to meet audit/regulatory requirements.
- Ensure supporting plant fixed assets records and schedules are sufficient to meet audit/regulatory requirements.
- Coordinate all fixed asset purchases with the various departments and collate updates on new additions monthly.
- Coordinate all fixed asset purchases with the various departments and collate updates on new additions monthly.
- Ensure all new assets are properly labelled and set up in the fixed asset register and individual asset account.
- Periodically reconcile and coordinate physical stock taking of fixed assets to ensure proper location and existence of all fixed assets.
- Periodically reconcile and coordinate physical stock taking of fixed assets to ensure proper location and existence of all fixed assets.
- Ensure accurate entries for all fixed assets acquisition, disposal/movements and depreciation.
- Ensure accurate entries for all fixed assets acquisition, disposal/movements and depreciation.
- Manage the activities involved in the disposal of fully depreciated, obsolete or damaged assets.
- Manage the activities involved in the disposal of fully depreciated, obsolete or damaged assets.
- Participate in month-end financial closing procedures
- Participate in month-end financial closing procedures
- Prepare the year-end fixed asset/depreciation schedules for annual audit/review.
- Assist in the development of fixed asset management processes, policies & procedures.
- Assist in the development of fixed asset management processes, policies & procedures.
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- Bachelor’s degree in accounting, Economics or other related discipline.
- Relevant professional certification (e.g. ACA, ACCA, CIMA, CFA).
- Minimum of 5 - 8years relevant work experience.
- Bachelor’s degree in accounting, Economics or other related discipline.
- Prepare the year-end fixed asset/depreciation schedules for annual audit/review.
- Ensure all new assets are properly labelled and set up in the fixed asset register and individual asset account.
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