An FM’s Guide to Accounting: The Income Statement

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...

An FM’s Guide to Accounting: Ledgers and Journals

An FM’s Guide to Accounting: Ledgers and Journals

Continuing on with our FM's Guide to Accounting series, this week will cover ledgers and journals.  Again, understanding the basics of financial accounting is a great tool for facility managers throughout all industries.  By knowing how money is allocated, tracked,...

Financial Accounting vs. Managerial Accounting

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...

Should Facility Managers Fund Depreciation?

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

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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