ACCA - The global body for professional accountants

Overview

The Fixed Assets analyst is involved in recording and reporting of fixed or non-current assets within the Shared Services Centre, working closely with Accounts payable and other departments across the organisation to manage accurate additions, disposals, write downs and depreciation of fixed assets. The Fixed Assets analyst ensures that any issues are addressed and escalated as required, but maintains ownership of issues until they are resolved, contributing to operational improvement activities and the documentation of existing processes.

The Fixed Assets manager has overall responsibility for managing the recording and reporting on fixed or non-current assets within the Shared Services Centre. The manager will work closely with the Accounts payable manager and with managers of other departments across the organisation to manage accurate additions, disposals, write downs and depreciation of fixed assets. The manager will also have overall responsibility for the smooth transition of finance work from other locations into the shared service centre. The Fixed Assets manager supports new acquisitions, corporate restructurings, or divestitures, applying standardised processes to the scope and working across the organisation to take steps that will improve efficiency and service quality in order to deliver best-in-class centralised services.

Entry and progression

Fixed Asset management is a key SSO function and the entry point is usually at the analyst level, leading to a supervisory level for those with adequate experience and showing team management capability. At entry level the work will focus on the collections and disputes function, but job progression and enlargement may include working in other related functions such as Accounts payable. Progression and development in this function is usually achieved by gaining experience and competence in the fixed asset function, but often development can include job rotation into other related areas of AP and career progression to Fixed Asset manager, but ultimately an SSO manager can reach the position of SSC Service manager who has overall responsibility for managing the centre and all functions within it. 

As far as suitable learning and qualifications for these roles are concerned, the competencies covered by the analyst and supervisor roles relate most closely to the Foundations level suite of qualifications. These include the Introductory and Intermediate Certificate of Financial and Management Accounting. As employees in the Fixed Asset side of the GL function progress from supervisor to SSO manager level, and possibly higher, the competences they need will relate more closely to the Diploma and Advanced Diploma in Accounting and Business offered within the main ACCA Qualification.

Career progression in this function can be supported by learning and demonstrating professional behaviours associated with competence and such behaviours can be demonstrated at different levels of competence as you progress further within your career.  To learn about and reflect on these behaviours please select the behaviours tab in the main menu when searching the competency framework.

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