A professional who identifies and keeps record of company owned or leased equipment, buildings, and other property. Responsibilities include:

• Records description, value, location, and other pertinent information of each item.
• Conducts periodic inventories to keep records current and ensure that equipment is properly maintained.
• Distributes cost of maintenance to proper accounts.
• Examines records to determine that acquisition, sale, retirement, and other entries have been made.
• Prepares statements reflecting monthly appreciated and depreciated values.
• Summarizes statements on annual basis for income tax purposes.
• Prepares schedules for amortization of buildings and equipment.
• Develops and recommends property accounting methods to provide effective controls.