What does a fixed assets controller do?

A Fixed Assets Controller is responsible for managing and overseeing a company's fixed assets, such as property, equipment, and machinery. Their main duties include tracking asset acquisitions and disposals, conducting periodic asset audits, ensuring accurate asset valuation and depreciation, and maintaining compliance with financial regulations. They often collaborate with accounting and finance teams to ensure that asset records are up-to-date and support financial reporting processes. This role is crucial for maximizing asset efficiency and minimizing financial risks associated with asset management.