Chapter 6. Financial Management

  1. Jane M. Wiggins

Published Online: 9 JUN 2010

DOI: 10.1002/9781444320466.ch6

Facilities Manager's Desk Reference

Facilities Manager's Desk Reference

How to Cite

Wiggins, J. M. (2010) Financial Management, in Facilities Manager's Desk Reference, Wiley-Blackwell, Oxford, UK. doi: 10.1002/9781444320466.ch6

Publication History

  1. Published Online: 9 JUN 2010
  2. Published Print: 2 JUL 2010

ISBN Information

Print ISBN: 9781405186612

Online ISBN: 9781444320466

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Keywords:

  • financial management;
  • FMs, budgets representing a percentage - of organisation's total expenditure;
  • financial systems and process;
  • organisational structure of finance department - affecting how relationship is managed and nurtured;
  • finance and FM;
  • organizations, needing funds, or capital to start a business;
  • working capital, ‘float’ funding - keeping a business going till they generate cash;
  • funding and assets - making up a balance sheet;
  • new International Financial Reporting Standards (IFRS);
  • investment appraisal methods

Summary

This chapter contains sections titled:

  • Introduction

  • Financial systems and process

  • The finance department

  • Financial controls

  • Financial statements

  • Finance and the FM

  • Sources of funding

  • Use of funding

  • Fixed assets

  • Working capital

  • Investments

  • The balance sheet

  • The profit and loss account

  • Cash flow statement

  • Performance measurement

  • Profitability

  • Liquidity

  • Liquidity issues

  • Annual reports of accounts

  • Recent developments in financial accounting

  • Budgets

  • Roles of budgets

  • Budget design

  • Capital or revenue

  • Property costs

  • Budget variances

  • Cost data

  • Cost accounting

  • Cost centres

  • Cash flow

  • Tax

  • Value Added Tax (VAT)

  • Landfill Tax

  • Climate Change Levy

  • Business rates

  • Stamp duty

  • Income Taxes

  • Corporation Tax

  • Tax status of construction workers

  • Depreciation

  • Financial business cases

  • Investment appraisal methods

  • Cost benefit analysis

  • Payback period

  • Discounted cash flow

  • Net present value

  • Internal rate of return

  • Preparing a financial proposal

  • Submission

  • Building life cycle costs

  • Life cycle costing methodology

  • Evaluating life cycle costs

  • Sinking funds

  • The impact of inflation