eSSETS
Webinar: Bridging the Communication Gap
Thursday, April 11th @ 1 pm CDTPaul RobertsCEO of [email protected]
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: [email protected]
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
