Continuing on with our Business Finance series on Learning FM, this episode is all about key accounting concepts.  This can seem like a complex subject matter, but it doesn’t have to be.  To be sure, mastering it will give you the most success in your FM career.

What you will learn in LFM 046: Key Accounting Concepts for Facility Managers

  • Spending
    • Capital Procurement
    • Operations Expense
  • Depreciation
  • Funding Depreciation

As a facility manager, knowing what to do and when is vitally important.  This is a huge job and you can’t do it in a vacuum.  There is a lot of technical information to know, industry-specific information to understand, interpersonal attributes to learn, financial impacts of your decisions, and so much more.  These are key concepts that you really need to understand in order to truly develop and excel as a practicing Facility Manager.

Please join me every Tuesday on The Learning FM Podcast for new information on Facility Management and the four knowledge domains.  If you enjoyed this episode, check out my book, The Complete Guide to Facility Management.  I’d love to hear what you think about it!

So, without further ado, listen closely and email me with any questions you have at dan@learningfm.com.  Thanks for listening!

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