Accounting and Financial Analysis in the Hospitality Industry

Accounting and Financial Analysis in the Hospitality Industry PDF Author: Jonathan Hales
Publisher: Routledge
ISBN: 1136431608
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
The objective of this textbook is to teach students to be conversational in speaking “numbers.” This means understanding fundamental accounting concepts, developing solid financial analysis abilities, and then applying them to understand and improve the operational performance of their hotel or restaurant. The book will accomplish this by studying the current practices of some of today’s leading hotel and restaurant companies. Chapters will be developed under the auspices of a select group of hospitality industry General Mangers, Directors of Finance, and Regional Accounting Managers to ensure that the information is current, accurate and useful. Understanding and applying the information will be the main focus of this book. This textbook should provide hospitality managers the knowledge and experience to be comfortable in using numbers to operate their departments. This includes developing the ability to perform all accounting and financial aspects of their position efficiently and correctly including revenue forecasting, wage scheduling, budgeting, P&L critiques, purchasing procedures and cost control methods. As a result, they will have more time to spend on the floor with their customers and employees. This knowledge will help them understand their operations and how to improve, change or expand them to increase revenues or profits.

Accounting and Financial Analysis in the Hospitality Industry

Accounting and Financial Analysis in the Hospitality Industry PDF Author: Jonathan Hales
Publisher: Routledge
ISBN: 1136431608
Category : Business & Economics
Languages : en
Pages : 305

Get Book Here

Book Description
The objective of this textbook is to teach students to be conversational in speaking “numbers.” This means understanding fundamental accounting concepts, developing solid financial analysis abilities, and then applying them to understand and improve the operational performance of their hotel or restaurant. The book will accomplish this by studying the current practices of some of today’s leading hotel and restaurant companies. Chapters will be developed under the auspices of a select group of hospitality industry General Mangers, Directors of Finance, and Regional Accounting Managers to ensure that the information is current, accurate and useful. Understanding and applying the information will be the main focus of this book. This textbook should provide hospitality managers the knowledge and experience to be comfortable in using numbers to operate their departments. This includes developing the ability to perform all accounting and financial aspects of their position efficiently and correctly including revenue forecasting, wage scheduling, budgeting, P&L critiques, purchasing procedures and cost control methods. As a result, they will have more time to spend on the floor with their customers and employees. This knowledge will help them understand their operations and how to improve, change or expand them to increase revenues or profits.

Accounting and Financial Analysis in the Hospitality Industry

Accounting and Financial Analysis in the Hospitality Industry PDF Author: Jon Hales
Publisher: Routledge
ISBN: 0750678968
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
Based on case studies, Jon Hales attempts to teach students in the hospitality industry how to understand fundamental accounting principles, develop financial analysis abilities and then be able to apply them in their chosen field.

Revenue Management, Cost Control, and Financial Analysis in the Hospitality Industry

Revenue Management, Cost Control, and Financial Analysis in the Hospitality Industry PDF Author: Godwin-Charles Ogbeide
Publisher: Cognella Academic Publishing
ISBN: 9781626617537
Category :
Languages : en
Pages :

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Book Description


Hospitality Financial Accounting

Hospitality Financial Accounting PDF Author: Jerry J. Weygandt
Publisher: John Wiley and Sons
ISBN: 0470083603
Category : Business & Economics
Languages : en
Pages : 550

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Book Description
As the hospitality field continues to grow and diversify, today’s hospitality professionals need to understand financial accounting at a higher level than ever before. Written by some of the most respected authors in accounting, Hospitality Financial Accounting, Second Edition gives a complete introduction to financial accounting principles and demonstrates how to apply them to all facets of the hospitality industry. Updated with the latest developments in the accounting and hospitality fields,Hospitality Financial Accounting, Second Edition covers the basics of financial accounting first and then shows hospitality students how to analyze financial statements and deal with the daily issues they will face on the job.

Hospitality Management Accounting

Hospitality Management Accounting PDF Author: Martin G. Jagels
Publisher: John Wiley and Sons
ISBN: 0471687898
Category : Business & Economics
Languages : en
Pages : 610

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Book Description
The success of every business in the hospitality industry depends on maximizing revenues and minimizing costs. Hospitality Man-agement Accounting, Ninth Edition continues its time-tested presentation of fundamental concepts and analytical techniques that are essential to taking control of real-world accounting systems, evaluating current and past operations, and effectively managing finances toward increased profits. This accessible Ninth Edition offers hands-on coverage of computer applications and practical decision-making skills to successfully prepare readers for the increasingly complex and competitive hospitality industry.

Financial Management for the Hospitality Industry

Financial Management for the Hospitality Industry PDF Author: William P. Andrew
Publisher: Prentice Hall
ISBN: 9780131179097
Category : Finansiel management
Languages : en
Pages : 0

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Book Description
KEY BENEFIT Financial Management for the Hospitality Industrypresents financial concepts and explains how they apply to specific operations within the hospitality industry. KEY TOPICS The book contains answers to many of the financial questions confronting today's and tomorrow's hospitality managers. It should serve as a reference book to be used as financial problems and opportunities arise. MARKET For hospitality managers.

Hospitality Financial Management

Hospitality Financial Management PDF Author: Agnes L. DeFranco
Publisher: Wiley
ISBN: 0470073411
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
Real-world advice for quick retention of the most important business concepts and skills of hospitality finance Hospitality Financial Management provides a straightforward, practical approach to help the hospitality manager effectively analyze hospitality industry management reports and financial statements; prepare accurate business forecasts, strategic pricing models, and effective cost-control systems; manage working capital; develop and finance growth strategies; perform investment analysis; prepare investment packages; negotiate and structure business deals; and ultimately increase shareholder value and personal wealth. This comprehensive how-to book includes: Feature Stories--brief histories of famous hospitality leaders highlighting how they have used financial management skills to attain success for their companies and significant financial rewards for themselves Learning Outcomes--a summary of key topics covered in each chapter Finance in Action--scenarios that apply the concepts, skills, and techniques presented in the chapter to real-world situations. A step-by-step solution is provided for each problem to walk the reader through the necessary financial calculations The Real Deal--boxed inserts that emphasize the relevance of the book by linking financial concepts to fun facts associated with situations students either have or will encounter in their everyday lives Concept Checks--case studies that reinforce the materials presented and enable students to practice their analytic and problem-solving skills Hospitality Financial Management is the perfect book for undergraduate and graduate hospitality management students, hospitality industry managers, and owners of small hospitality businesses.

Management Accounting for the Hospitality, Tourism and Leisure Industries 3rd edition

Management Accounting for the Hospitality, Tourism and Leisure Industries 3rd edition PDF Author: Debra Adams
Publisher: Goodfellow Publishers Ltd
ISBN: 1911396722
Category : Business & Economics
Languages : en
Pages : 283

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Book Description
An up-to-date and relevant reference guide to accounting for decision making in the hospitality, tourism and leisure industries. Its’ user-friendly and easy to follow style is based on the author’s extensive first-hand experience of working with and delivering training and professional development in the sector.

Hospitality Accounting

Hospitality Accounting PDF Author: Steven M Bragg
Publisher: Accountingtools, Incorporated
ISBN: 9781642210033
Category :
Languages : en
Pages : 388

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Book Description
This book describes the essential accounting for anyone in the hospitality industry, which includes hotels, restaurants, spas, and similar businesses. It familiarizes the accountant with basic concepts and then addresses the various types of financial statements and the accounting needed to construct them. More detailed accounting topics include payroll, fixed assets, and payables. There are also many managerial accounting topics, such as the construction of a budget, price formulation systems, cost-volume-profit analysis, and cash management. In short, the book prepares the accountant for any accounting issues likely to arise in the hospitality industry.

Accounting and Financial Management

Accounting and Financial Management PDF Author: Peter James Harris
Publisher: Routledge
ISBN: 075066729X
Category : Business & Economics
Languages : en
Pages : 495

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Book Description
Presents research and developments in the field of accounting and financial management as it relates to organisations in the international hospitality industry. Draws on researchers' fieldwork and practical experience, and includes case studies and examples from a range of companies across the industry. Covers a number of issues including: performance management, benchmarking, the profit planning framework, room rate pricing decisions, hotel asset management, and lowering risk to enhance firm value.