An FM’s Guide to Accounting: The Balance Sheet
Have you ever looked at an official financial statement from the company you work for? Did it make sense to you? If the answer is no or you can’t remember, keep reading. Continuing on with our FM’s Guide to Accounting series, this week will cover The Balance Sheet....
An FM’s Guide to Accounting: The Income Statement
Have you ever looked at an official financial statement from a publicly traded company you were thinking of investing in? Did it make sense to you? If the answer is no or you can't remember, keep reading. Continuing on with our FM’s Guide to Accounting series, this...
Should Facility Managers Fund Depreciation?
Funding Depreciation Should facility managers fund depreciation? I want to cover the concept of funding depreciation because it is something that I wrestle with still to this day. This is one of the more overlooked concepts that I consider important to the future...
An FM’s Intro to Accounting
An FM's Intro to Accounting Do Facility Managers need to be CPAs? Heck no. However, I will argue to my grave that we need to have a basic understanding of both managerial and financial accounting. This will not only give you a better understanding of your...
Should Facility Managers Fund Depreciation?
Funding Depreciation Should facility managers fund depreciation? I want to cover the concept of funding depreciation because it is something that I wrestle with still to this day. This is one of the more overlooked concepts that I consider important to the future...
Financial Accounting vs. Managerial Accounting
Understanding business finance is key to making a big impact as a facility manager. I know FMs that have mastered this skill and I know those that haven't. Those that know - capture more dollars, are more effective at utilizing their budgets, and can argue for...
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