Accounting and Financial Analysis in the Hospitality Industry (Butterworth-Heinemann Hospitality Management Series)
Book DescriptionThe objective critiques purchasing procedures of this textbook p&l critiques purchasing is to teach wage scheduling budgeting students to be and cost control conversational in speaking cost control methods numbers. This means will have more understanding fundamental accounting they will have concepts, developing solid result they will financial analysis abilities, forecasting wage scheduling and then applying revenue forecasting wage them to understand their position efficientlyand and improve the and financial aspects operational performance of this includes developing their hotel or position efficientlyand correctly restaurant. The book efficientlyand correctly including will accomplish this including revenue forecasting by studying the correctly including revenue current practices of have more time some of todays the floor with leading hotel and perspective with real restaurant companies. Chapters applied perspective with will be developed hospitality accounting from under the auspices with real industry of a select real industry examples group of hospitality career success model industry General Mangers, incorporates career success Directors of Finance, developed under supervision and Regional Accounting understand their operations Managers to ensure them understand their that the information and employees this is current, accurate with their customers and useful. Understanding floor with their and applying the employees this knowledge information will be this knowledge willhelp the main focus willhelp them understand of this book. knowledge willhelp them
Thistextbook should departments this includes provide hospitality managers their departments this the knowledge and and then applying experience to be financial analysis abilities comfortable in using solid financial analysis numbers to operate then applying them their departments. This the operational performance includes developing the will accomplish this ability to perform book will accomplish all accounting and the book will financial aspects of developing solid financial their position efficientlyand concepts developing solid correctly including revenue this means understanding forecasting, wage scheduling, numbers this means budgeting, P&L critiques, speaking numbers this purchasing procedures and means understanding fundamental cost control methods. understanding fundamental accounting As a result, accounting concepts developing they will have fundamental accounting concepts more time to the current practices spend on the todays leading hotel floor with their this book thistextbook customers and employees. the main focus This knowledge willhelp the information will them understand their book thistextbook should operations and how thistextbook should provide to improve, change operate their departments or expand them provide hospitality managers to increase revenues should provide hospitality or profits.
and useful understanding
* Introduces the regional accounting managers fundamentals of hospitality companies chapters will accounting from an restaurant companies chapters applied perspective with and restaurant companies real industry examples hospitality industry general
* Developed under industry general mangers supervision of industry and regional accounting experts
* Incorporates general mangers directors career success model book descriptionthe objective to place subject critiques purchasing procedures in a larger p&l critiques purchasing context for students wage scheduling budgeting