One of the most important tools for a Facility Manager is, in many occasions, the comprehension and use of “the Financial language”. When a FM reaches out to the Finance Department in order to request extra budget either for operative on-going costs or for time-off projects like an office expansion, the Finance Director asks for financial justification of the request including, but not limited to, if the investment will increment company benefits, or reduce property costs and, of course, these must be presented in “the Financial language” to which they are used to.
To help understand the main and mostly used financial terms, you should read the following article in which it is nicely explained and briefly defined. Reading it you will obtain a general idea over each different term and which will most probably enable you to use them with-out any problem what so ever.
http://www.fmlink.com/article.cgi?type=How%20To&pub=BOMI%20International&id=31139&mode=source
