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Capital Asset Accountant

Position Profile

Requirement

An Asset Accountant is required to join the Capital Asset and Reporting department at TransAlta on an interim support basis.
The candidate will ensure the monthly maintenance and depreciation of assets per the Major Inspection Costs, Asset Impairment
and Asset Retirement Obligations procedures within the Property-Plant-Equipment business process, to support Dual Reporting
of financial results – under Canadian GAAP and under IFRS (International Financial Reporting Standards).

This short-term role starts as soon as possible and ends approximately May 31, 2010.

Role and Responsibilities


• Major Inspection Costs (MIC)
- Create SAP asset master records as new IFRS-based MIC projects are capitalized in the current month (work is completed)
- Post entries in the IFRS SAP AA Subledger against active MIC assets when costs are settled to final assets
- Retire old MIC assets in the same month that new assets are created / replaced
- Verify automated asset depreciation calculations related to MIC are in compliance with IFRS requirements
• Assets Impairments (AI)
- Create impairment asset sub-numbers if quarterly IFRS procedures identify new impairments
- Post IFRS SAP AA Subledger entries to record identified IFRS impairments
- Post entries for reversal of an existing impairments if identified per quarterly IFRS procedures
- Verify automated asset depreciation calculations related to impairments are in compliance with IFRS requirements
• Asset Retirement Obligations (ARO)
- Create new ARO assets to be active in both C-GAAP (in SAP DA01) and IFRS (in SAP DA70) environments
- Post entries to record C-GAAP values of ARO assets in DA01 and in DA70
- Post entries in IFRS SAP AA Subledger when the value of the ARO Asset for IFRS differs from the value for CGAAP
- Post IFRS SAP AA Subledger (DA70) records for ARO assets affected by IFRS changes in value due to: changes in
discount rate, or revision to cash flow estimate
- Retire assets in IFRS SAP AA Subledger (DA70) if an ARO asset NBV (Net Book Value) balance becomes negative
because of a downward IFRS adjustment
- Verify automated asset depreciation calculations in SAP-AA are in compliance with IFRS requirements

Qualifications
• Extensive experience with Capital Asset procedures, in particular, maintenance/depreciation of Asset records
• Demonstrated experience in use of SAP – Asset Accounting module / functionality
• Working knowledge of IFRS requirements

Experience
• Accounting designation ?
• Extensive Finance / Accounting experience as related to asset maintenance and depreciation
• Extensive C-GAAP experience and proven understanding of IFRS requirements
• Utilities sector experience would be preferred

Financial Operations Page 1


TAU Capital Asset Accountant Last Updated: 2010/01/19

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