essets webinar: bridging the communication gap between facilities and asset managers and senior...

eSSETS

Webinar: Bridging the Communication Gap

Thursday, April 11th @ 1 pm CDTPaul RobertsCEO of eSSETSpaul@essets.com

Web: www.essets.com

LinkedIn: www.linkedin.com/company/essets

Twitter: www.twitter.com/eSSETS

Facebook: www.facebook.com/eSSETS

Contributor: Bruce Gabriellewww.speakingppt.com

Today’s Take Aways

• Accounting and FM

• Great Game of Business

• 5 Tips for Presenting to Executives

--------------------------------------------------------Bruce Gabrielle

• Training | PowerPoint workshops for business managers, consultants and executives | www.speakingppt.com

• Author | Speaking PowerPoint: the New Language of Business

Are you really going to talk Accounting?

Birdman Story

“I just love accounting. Accounting is the language of business.”

Great Game of Business

About Accounting

• Rules, Principles

• Language

• Keep Score

Accounting Principles (for FM’s)

• Cost

• Matching

• Objectivity

• Consistency

• Full-disclosure

• Conservatism

• Materiality

Costs

• Acquisition (Capital) Costs (CAPEX)

• Operating Expenses (OPEX)o Maintenance & Repairs (M&R)

o Energy

• DepreciationeSSETS screen shot

The Matching Game

• Income Statement (P&L), Cover a Period

• Methods for matching revenues to costso More Art than Science

o See Consistency Principle

• Depreciation is theoretical

Objectivity Principle

• Objective evidence

• Avoid whims, fancies, opinions

(when possible)

• Can be applied to FM data

Consistency Principle

• Comparison of Performanceo Rules, Guidelines consistently applied

• Can be applied to FM Measures!

Full Disclosure Principle

• Financial Reporting should provide clarity

• Clarity vs. Details

• Can be applied to FM role

All the relevant facts that matter!

Conservatism Principle

• Not too hot, not too cold, just right

• Conflict of Views:o Financial/Accounting types

o Marketing, Business Development types

o Where is the CEO?

Materiality Principle

• Be Practical

• Materiality is Relative

• Is the overhaul big enough to be material?

FM Accounting Summary

• Know the principles

• Apply some to your own scorekeeping

• Don’t confuse expenditure with expense

• Get your staff involved in the scoring game

It’s human nature to want to keep score!

tips for

presenting to

EXECU

tips for

presenting to

EXECU

Summary

• Accounting is the language of business

• Apply the Great Game to FM – Keep Score!

• Presentations Matter

Gather relevant data, keep performance score, get head in the vision, sell your plan for a better world at your company!

Q & A

• Questions for Paul?

eSSETS

Questions & AnswersPaul Roberts: paul@essets.com

Web: www.essets.com

LinkedIn: www.linkedin.com/company/essets

Twitter: www.twitter.com/eSSETS

Facebook: www.facebook.com/eSSETS

Next Steps

Contact Paul to arrange for demonstration of eSSETS cloud-based facilities management software.

Get Bruce Gabrielle’s bookSpeaking PowerPoint: The new language of business www.speakingppt.com/about-the-book