debits are toward the window. how to communicate with non-it finance folks about it finance

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11 Canal Center Plaza, Alexandria, VA 22314 T 800.663.7138 F 703.684.5189 www.robbinsgioia.com Debits Are Toward the Window How to Communicate with Non-IT Finance Folks About IT Finance Sandy Sears 04/15/2015

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Page 1: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

11 Cana l Center P laza, A lexandr ia , VA 22314 T 800 .663 .7138 F 703 .684 .5189 www.robb insg io ia .com

Debits Are Toward the Window

How to Communicate with Non-IT Finance Folks About IT Finance

Sandy Sears

04/15/2015

Page 2: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

• Three financial perspectives

• The stock of wealth

• The flow of wealth

• Decision-making

• Confusing concepts

• Project Accounting

• Scorekeeping

• Gifts From My Friends in Finance

Agenda

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Page 3: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

Buried in the Balance Sheet (the stock of wealth)

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Page 4: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

Drowning in the Income Statement (the flow of wealth)

4

Where’s thewindow?

Page 5: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

Arising to Become a Decision-Maker

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Page 6: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

• Debits and credits

• Debit – I spent something

• Credit – I got paid something

• Allocation of expenses / cost allocation

• Capital budgeting

Confusing Concepts (if you are not a finance geek)

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Page 7: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

• Cash flow

• Categorization

• Budget alignment

Confusing Concepts (if you are not a finance geek)

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Page 8: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

The NUMBER – A Mythological Creature

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Page 9: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

Vendor Purchases

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Page 10: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

Project Accounting

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Page 11: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

Scorekeeping

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Page 12: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC

• Keep it simple – very, very simple!

• What does this really mean?

• Can I relate this to my everyday life somehow?

• What can I change or control?

• What can I ignore?

• When am I in trouble?

• How can I use this information to make a decision?

• ALWAYS check my math! (ummm . . . arithmetic)

• You are from Finance, and you really are here to help!

Gifts From My Friends in Finance

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Page 13: Debits Are Toward the Window. How to Communicate with Non-IT Finance Folks About IT Finance

Confidential and Proprietary ©2015 Robbins-Gioia, LLC13

Thank you!