Finance & Business Flashcards
What is finance?
The use, interpretation and management of information related to the facility financial operations.
What is Business?
The use, interpretation and management of documents related to the administration and management of contracts, services providers and leases including lease agreements, business cases, chargebacks and procurement policies and procedures
What is Amortization?
The systematic reduction of a lump-sump amount, expenses applies on soft-costs, and depreciation to physical assets.
What is Budget?
A formal, numerical expression of how an organization expects to operate for a defined period. Identifies the resources and commitments need to satisfy the identified goals over a period as well as the sources of the funding to provide those resources.
What is Capital budget ( CAPEX)?
show financial impacts resulting from major, long-term, non routine expenditures for items like property, plant and equipment.
What is Cost of ownership?
The cost to the owner of owning the building, servicing the existing dept and receiving a return on equity. This also includes the cost of capital improvements. Maintenance and repair, operations and disposal.
What is Intangible assets?
Assets that have no physical substance. Intellectual property (items such as patents, trademarks, copyrights. Business methodologies).good well and brand recognition are all common intangible assets.
