Author: Hyung-il Jung
Publisher: CRC Press
ISBN: 1351376675
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
This new book, Restaurant Financial Management: A Practical Approach, provides valuable guidance on how to apply the concepts of accounting and finance to real-life restaurant business activities. This book is unique because it provides an understandable framework that breaks it down into three clear steps of applying techniques of accounting and finance to evaluate a restaurant business: It introduces how to consolidate major activities of a restaurant business into useful accounting information. It explains how accounting information is analyzed and then used to forecast the future. And it introduces the methods of projecting the future and determining the current value of a restaurant business. Using this approach, readers can develop useful knowledge on how to relate accounting and finance to a real-life restaurant business. Using an imaginary restaurant business (based on a real restaurant) as an example to demonstrate a series of relevant business activities, the book walks the reader through provides the restaurant accounting activities and shows how they provide meaningful information, giving the reader a bird’s eye view.
Author: Raymond S. Schmidgall
Publisher: John Wiley & Sons
ISBN: 0471449164
Category : Business & Economics
Languages : en
Pages : 354
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Book Description
A complete, practical guide to managing restaurant business finances One of the keys to a successful restaurant business is strong financial management. This book equips readers with the tools needed to manage the finances of foodservice establishments effectively. Written by expert authors with extensive experience in the field, this accessible resource is filled with valuable information that can be applied to day-to-day operations. It offers concise, down-to-earth coverage of basic accounting topics-including pricing, budgeting, cost control, and cash flow-as well as more specialized information, such as how to establish menu prices.
Author: Allen Mbengeranwa
Publisher: Lulu.com
ISBN: 1291859764
Category : Business & Economics
Languages : en
Pages : 83
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Book Description
The Restaurant Business is littered with failure and survival is often at best measured in terms of odds, bets and Hail Mary's. RESTAURANT FINANCIAL MANAGEMENT: INTRODUCTION TO ACCOUNTING AND FINANCE FOR INDEPENDENT RESTAURANTS, THE THIN RED LINE aims to reduce the number of areas that the Restaurateur or Professional Chef has to worry about by providing a basis for understanding core financial methods and systems. Restaurant financial Management shows you how to: * Understand what is Accounting and Finance *Create reliable Bookkeeping systems *Use numbers and records for efficient management *Apply Accounting principles to avoid disaster *Understand internal and external financial reporting relationships and management techniques This book also contains valuable examples, graphs, forms and illustrations. These are all useful aids to understanding and learning the financial principles explained as quickly as possible.
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.
Author: Douglas Robert Brown
Publisher: Atlantic Publishing Company
ISBN: 0910627975
Category : Business & Economics
Languages : en
Pages : 1133
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Book Description
Book & CD. This comprehensive book will show you step-by-step how to set up, operate, and manage a financially successful food service operation. This Restaurant Manager's Handbook covers everything that many consultants charge thousands of dollars to provide. The extensive resource guide details more than 7,000 suppliers to the industry -- virtually a separate book on its own. This reference book is essential for professionals in the hospitality field as well as newcomers who may be looking for answers to cost-containment and training issues. Demonstrated are literally hundreds of innovative ways to streamline your restaurant business. Learn new ways to make the kitchen, bars, dining room, and front office run smoother and increase performance. You will be able to shut down waste, reduce costs, and increase profits. In addition, operators will appreciate this valuable resource and reference in their daily activities and as a source of ready-to-use forms, Web sites, operating and cost cutting ideas, and mathematical formulas that can be easily applied to their operations. Highly recommended!
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.
Author: Bruce Nelson
Publisher: Wisdom Editions
ISBN: 9781959770275
Category :
Languages : en
Pages : 0
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Book Description
This is wonderfully useful primer for anyone starting a small business, but particularly for those mad enough to open a restaurant. All businesses are NOT the same, so understand the math of being a food entrepreneur is critical to success.
Author: Christoph Müller
Publisher: GRIN Verlag
ISBN: 3656334110
Category : Business & Economics
Languages : de
Pages : 45
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Book Description
Studienarbeit aus dem Jahr 2011 im Fachbereich BWL - Investition und Finanzierung, Note: A, The University of Surrey (School of Management), Sprache: Deutsch, Abstract: This paper contains a detailed financial plan of a restaurant business based in England. It deals with competitive factors, funding as well as costing & pricing and includes the major financial statements and ratios over a period of three years.
Author: Bruce Nelson
Publisher: Wisdom Editions
ISBN: 9781950743315
Category :
Languages : en
Pages : 142
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Book Description
Why do most independent restaurants fail? Though they may have created beautiful menus and warm inviting atmospheres, but they simply failed to apply basic restaurant financial fundamentals!Learn how a dishwasher, turned restaurant manager, turned CFO, mastered the financial strategies that lead to a career of financial success. You will see how budding restaurateurs may win accolades from fans and the press but fail to keep a financially deficient restaurant door's open. By following Bruce's 40-year restaurant career, you'll learn the most common financial mistakes independent restaurateurs make and the strategies that can turn around any restaurant.In this book, you'll learn the business strategies that, when applied to any hospitality operation, will ensure success. Make your financial operations effortless by learning the Math of restaurant operations, avoiding the most common Myths of restaurant operations, and turning the Magic of restaurant operations into success!Bonne fortune financière!
Author: Michael M. Coltman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
Abstract: Students and teachers are presented with the fundamental principles underlying the financial management in the hospitality industry. Financial ratio analysis simplifies the interpretation of information. Asset management requires knowledge of what proportion of the assets should be in cash form, as well as what investments are potentially profitable. The cost and risk of financing are affected by degrees of financial leverage and by dividend policies. Management contracts and condominum hotels have allowed companies to concentrate on operations. Working capital and cash budgeting, franchising and property leasing, and business growth and valuation are discussed.
