In order to become a fixed asset accountant, an individual needs to have education and experience. Many accounting jobs do not typically have strict requirements; an individual can get a job as a bookkeeper and work his or her way into a specific accounting position in a few years. Fixed asset accounting is necessary, however, due to the nature of the position. Attending a traditional college or university is necessary to get a four-year accounting degree. From here, new accountants need to find fixed asset accounting positions that focus on their preferences, such as tangible assets or investment-style asset accounting.
A four-year accounting degree is often the best way to become a fixed asset accountant. Four-year degrees provide individuals with backgrounds in basic accounting, corporate finance, and business management. Individuals should look for degrees that are either bachelor of science or bachelor of business administration with specializations in accounting. A few educational institutions may offer a fixed asset specialization, which should be the preference for those looking to become fixed asset accountants. This specialization is rare, however.
An option for those in the accounting field is getting a fifth year of education and then a professional license, such as the certified public accountant certification. The certified public accountant license is a world-renowned accounting certification, often seen as the top license for the accounting industry. Depending on requirements where candidates live, a fifth year of education is necessary to obtain the certification on the way to become a fixed asset accountant. Businesses may not require new accountants to have a license, although it can put job candidates ahead of others. Other certifications may be available depending on the job type and country where the position is located.
Fixed asset accounting is a particular field in the accounting industry. Individuals should look for positions that involve valuing long-term assets, computing depreciation schedules, and maintaining general ledger accounts related to fixed assets. The position may be under the label of an accounting analyst or financial business analyst. Either way, the position should focus on long-term assets, especially their acquisition and/or disposal. Large organizations are typically the main targets for an individual who wants to become a fixed asset accountant.
Another fixed asset position is the management of a company’s investments in fixed assets. Financial services firms typically offer this position as they have money to invest into other items or companies. The position may not be as readily available as the traditional fixed accountant, however.