Capitalisation Policy and Fixed-Asset Ledger Director

The mandate

This consulting project will align capitalisation policy, project evidence and fixed-asset ledger treatment through a bounded accounting design. The current need is for reproducible decisions about qualifying expenditure, componentisation, useful lives, in-service dates, subsequent costs and retirement—not for management of capital projects or a replacement asset system.

The Consulting Director will deliver a policy-gap assessment, expenditure decision tree, project-accounting evidence standard, component and useful-life governance, construction-to-in-service protocol, fixed-asset movement reconciliation, exception control, pilot findings report and operator guide. Every artifact must identify which facts are supplied by operational specialists and which conclusion belongs to accounting.

Five dated milestones govern the eight months: discovery accepted by 6 November 2026; policy and decision design by 18 December; ledger diagnostic and pilot selection by 12 February 2027; pilot corrections and control retest by 9 April; handover accepted by 28 May. The Corporate Controller is the formal acceptor after accounting and designated source owners complete documented challenge.

The final acceptance test requires internal owners to process representative expenditure from approval through in-service accounting, identify seeded evidence gaps, reconcile selected asset movements and defend useful-life or component judgments. Critical exceptions must close or carry an approved owner and treatment before acceptance.

Management provides approved policy, project records, asset listings, movement data, access to technical fact owners and decisions within agreed review windows. The consultant owns analysis and deliverables but not engineering opinions, management estimates, postings or representations. Project governance, procurement, physical verification, tax depreciation and system implementation are outside scope.

What you will own

• Reconcile written capitalisation policy to observed project and fixed-asset accounting, identifying contradictory or obsolete practice.
• Define evidence requirements for directly attributable cost, internal labour, borrowing effects, subsequent expenditure and abandonment.
• Establish componentisation and useful-life governance that records technical facts, accounting judgment and approval separately.
• Design an in-service protocol connecting readiness evidence, depreciation commencement and project-account closure.
• Build a fixed-asset movement reconciliation covering additions, transfers, depreciation, impairment, disposals and currency effects.
• Pilot the approach on risk-selected expenditure and verify corrections through targeted control retesting.
• Transfer decision tools to named owners and test their ability to reject incomplete capitalisation requests.
• Enforce written change control for physical, tax, project-management or system work beyond agreed deliverables.

Candidate qualifications

• Demonstrate leadership of a capitalisation and fixed-asset accounting redesign at policy, ledger and control depth.
• Describe expenditure that appeared capital in budget governance but failed the accounting recognition test.
• Show how you governed componentisation and useful lives using technical evidence without outsourcing the accounting decision.
• Provide a reconciliation that revealed an in-service, transfer, disposal or depreciation control defect.
• Evidence a pilot in which internal staff applied a decision tree and challenged incomplete source evidence.
• Explain how you handled historical asset-data weakness without expanding into uncontrolled reconstruction.
• Show commercial discipline when project, tax or system requests pressed beyond a fixed accounting commission.

Working terms and boundaries

• The fixed fee covers eight months, four days weekly and five milestone packages with ten-working-day reviews.
• Acceptance rests with the Corporate Controller and requires successful internal application of the agreed tools.
• Engineering facts, project decisions, accounting estimates and specialist opinions remain with their designated owners.
• Physical counts, project management, tax depreciation and system configuration are excluded.
• Scope or dependency changes require a written impact decision before work proceeds.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 12 October 2026. Mandate reference FNA-CON-2026-MAD-24.