Accounting And Financial Analysis In The Hospitality Industry Butterworth Heinemann Hospitality Management Series

Author : Jonathan Hales
Publisher : Routledge
Page : 304 pages
File Size : 51,7 Mb
Release : 2006-08-11
Category : Business & Economics
ISBN : 9781136431616

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Accounting and Financial Analysis in the Hospitality Industry by Jonathan Hales Pdf

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.

Author : Jonathan A. Hales
Publisher : Unknown
Page : 270 pages
File Size : 49,5 Mb
Release : 2008
Category : Hospitality industry
ISBN : OCLC:310423186

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Accounting and Financial Analysis in the Hospitality Industry by Jonathan A. Hales Pdf

Author : Peter Harris
Publisher : Unknown
Page : 0 pages
File Size : 40,5 Mb
Release : 1995
Category : Hospitality industry
ISBN : 0750623810

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Accounting and Finance for the International Hospitality Industry by Peter Harris Pdf

"Top experts specializing in hospitality management have contributed articles to this new collection which explains recent developments in accounting and finance. The material is drawn from a combination of fieldwork and practical experience." "The managerial emphasis means that the content is fully relevant internationally and not constrained by the legal framework of different countries." "Accounting and Finance for the International Hospitality Industry provides an overview of analysis and evaluation of performance, planning methods and techniques, financial information and control, and financial management." "It also shows how operational analysis can be used as a management tool to improve performance. Techniques for predicting the financial success or failure of hotels are suggested. Research into hotel companies in the US and Europe demonstrates key performance indicators used by hotel managers and financial executives." "Accounting and Finance for the International Hospitality Industry will be an invaluable resource for final year undergraduate and postgraduate students of hospitality management. Practising accountants, managers and consultants who need to keep up to date with new developments in the industry, particularly those who are members of the British Association of Hotel Accountants, will also find it useful."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Author : Chris Guilding
Publisher : Routledge
Page : 251 pages
File Size : 54,5 Mb
Release : 2007-08-22
Category : Business & Economics
ISBN : 9781136403194

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Financial Management for Hospitality Decision Makers by Chris Guilding Pdf

Financial Management for Hospitality Decision Makers is written specifically for those 'decision makers' in the industry who need to be able to decipher accountant 'speak' and reports in order to use this information to its best advantage and achieve maximum profits. The area of accounting and finance is a vital but often inaccessible part of the hospitality business. However, having the knowledge and the ability to use it properly makes all the difference to the turnover and success of a business. Financial Management for Hospitality Decision Makers is written specifically for those industry executives who need to be able to decipher, appreciate and utilise valuable financial management tools and techniques in order to realise maximum profits. Highly practical in its scope and approach, this book: · Outlines the procedure and purpose behind various financial activities - including budgeting, year-end financial statement analysis, double-entry accounting, managing and analysing costs, working capital management, and investment decision making · Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base · Clearly highlights the key financial issues you need to consider in a host of decision making situations · Includes a range of problems to help readers appraise their understanding of concepts - with solutions provided for lecturers at http://textbooks.elsevier.com. At all times, the book rigorously applies itself to the specific needs of the hospitality decision-maker, contextualising and explaining financial decision making and control in this light. Combining a user-friendly structure with frequent international cases, worked examples and sample reports to illuminate the theory, Financial Management for Hospitality Decision Makers is ideal for all students of hospitality, as well as being a vital source of information for practitioners already in the industry.

Author : Anonim
Publisher : Unknown
Page : 309 pages
File Size : 40,5 Mb
Release : 2005
Category : Electronic
ISBN : 1280631317

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Accounting and Financial Analysis in the Hospitality Industry. Butterworth-Heinemann Hospitality Management Series by Anonim Pdf

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 Managers, 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.

Author : Rob van Ginneken
Publisher : Routledge
Page : 138 pages
File Size : 45,9 Mb
Release : 2019-07-05
Category : Business & Economics
ISBN : 9780429015120

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Hospitality Finance and Accounting by Rob van Ginneken Pdf

Hospitality Finance and Accounting provides a uniquely concise, accessible and comprehensive introduction to hospitality, finance and accounting from a managerial perspective. By avoiding unnecessary jargon and focusing on the essentials, this book offers a crucial breakdown of this often overly-complex subject area. The concise chapters cover the essential concepts, ideas and formulas to be mastered within the hospitality industry including income statements, balance sheets, pricing and budgeting. Each chapter is split into two sections: theory and practice, giving students practical insight into the everyday realities of the hospitality industry through case studies which show how theories are applied to a range of relevant scenarios. Emphasis is placed particularly on the practices of revenue and budget management within the food and beverage industry. This will be an essential introductory yet practical resource for all Hospitality students and future managers within the industry.

Author : Peter Harris,Marco Mongiello
Publisher : Routledge
Page : 352 pages
File Size : 48,6 Mb
Release : 2012-05-31
Category : Business & Economics
ISBN : 9781136431548

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Accounting and Financial Management by Peter Harris,Marco Mongiello Pdf

Accounting and Financial Management: developments in the international hospitality industry presents new and innovative research and developments in the field of accounting and financial management as it relates to the work of managing enterprises and organisations in the international hospitality industry. The content contains contributions from a rich source of international researchers, academics and practitioners including, university and college lecturers, professional accountants and consultants and senior managers involved in a wide range of teaching, scholarship, research, and consultancy in the hospitality industry worldwide. The material is drawn from their work and experience and relates directly to the management of hospitality undertakings. Therefore the up to date case studies and examples used are taken from a wide ranging of companies across the industry including large international chains such as Sheraton, Holiday Inn, and Intercontinental. Divided into three parts: Performance Management, Information Management and Asset Management the book tackles the following issues amongst others: * Performance management in the international hospitality industry * Benchmarking: measuring financial success * The profit planning framework * Making room rate pricing decisions * Hotel asset management UK and US perspectives * Lowering risk to enhance hospitality firm value Accounting and Financial Management: developments in the international hospitality industry presents current developments drawn from a combination of live fieldwork and practical experience and therefore will content will appeal to a wide-ranging readership including practising managers and financial controllers in hospitality organisations, professional accountants and consultants, postgraduate candidates studying for master's degrees in hospitality management, and final year undergraduate students of hospitality management who elect to take an accounting option.

Author : Chris Guilding,Kate Mingjie Ji
Publisher : Routledge
Page : 446 pages
File Size : 41,9 Mb
Release : 2022-02-27
Category : Business & Economics
ISBN : 9781000539929

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Accounting Essentials for Hospitality Managers by Chris Guilding,Kate Mingjie Ji Pdf

For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business. Yet having a grasp of accounting basics is a key part of management. Using an easy-to-read style, this book provides a comprehensive overview of the most relevant accounting techniques and information for hospitality managers. It demonstrates how to organise and analyse accounting data to help make informed decisions with confidence. With its highly practical approach, this new fourth edition: Quickly develops the reader’s ability to adeptly use and interpret accounting information to enhance organisational decision-making and control. Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base. Presents new accounting problems in the context of a range of countries and currencies throughout. Develops mastery of the key accounting concepts through financial decision-making cases that take a hospitality manager’s perspective on a range of issues. Includes accounting problems at the end of each chapter to be used to test knowledge and apply understanding to real-life situations. Offers extensive web support for instructors and students that includes PowerPoint slides, solutions to end-of-chapter problems, a test bank and additional exercises. The book is written in an accessible and engaging style and structured logically with useful features throughout to aid students’ learning and understanding. It is a key resource for all future hospitality managers.

Author : Michael Chibili
Publisher : Routledge
Page : 285 pages
File Size : 51,7 Mb
Release : 2019-11-26
Category : Business & Economics
ISBN : 9781000035933

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Basic Management Accounting for the Hospitality Industry by Michael Chibili Pdf

Basic Management Accounting for the Hospitality Industry uses a step by step approach to enable students to independently master the field. This second edition contains many new themes and developments, including: the essence of the International Financial Reporting Standards (IFRS) integration of the changes caused by the evolution of the Uniform System of Accounts for the Lodging Industry (USALI) the extension of price elasticity of demand, and addition of income and cross elasticities the addition of break-even time (BET) as an additional method of analysing capital investments Up-to-date and comprehensive coverage, this textbook is essential reading for hospitality management students. Additional study and teaching materials can be found on www.hospitalitymanagement.noordhoff.nl

Author : Jerry J. Weygandt
Publisher : John Wiley & Sons
Page : 515 pages
File Size : 40,5 Mb
Release : 2004-03-08
Category : Business & Economics
ISBN : 9780471270553

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Hospitality Financial Accounting by Jerry J. Weygandt Pdf

"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 and then shows readers how to analyze statements and deal with the daily issues they will face on the job."--BOOK JACKET.

Author : Michael M. Coltman,Martin G. Jagels
Publisher : Unknown
Page : 648 pages
File Size : 50,8 Mb
Release : 2001
Category : Business & Economics
ISBN : NWU:35556032673220

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Hospitality Management Accounting by Michael M. Coltman,Martin G. Jagels Pdf

CRUCIAL ACCOUNTING SKILLS FOR THE HOSPITALITY PROFESSIONAL In the fast-growing and increasingly competitive hospitality industry, every business is under extreme pressure to maximize revenue and minimize costs simply to maintain existing profit levels. Hospitality Management Accounting, Seventh Edition gives students a firm grounding in the fundamental concepts and analytical techniques they will need as professionals to take direct control of an accounting system and evaluate the effectiveness of current and past operations. Filled with case studies, expanded exercise and problem sections, and alternative solution sets that provide multiple problem-solving approaches, this updated new edition is the only text in the field that covers credit card receivables. It features an extensive review of accounting systems and a special section on the use of computers in the hospitality industry. Important topics covered in this text include: * Understanding, analyzing, and interpreting financial statements * Ratio analysis and internal control * The "bottom up" approach to pricing * Cost management and the cost volume profit approach to decisions * Operations budgeting and cash budgeting * Statement of cash flows and working capital Hospitality Management Accounting, Seventh Edition equips hospitality management and culinary students with the skills they need to take command of one of the most crucial aspects of the management of any hospitality business.

Author : Martin G. Jagels
Publisher : John Wiley and Sons
Page : 610 pages
File Size : 45,9 Mb
Release : 2006-03-03
Category : Business & Economics
ISBN : 9780471687894

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Hospitality Management Accounting by Martin G. Jagels Pdf

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.

Author : Lea R. Dopson,David K. Hayes
Publisher : John Wiley & Sons
Page : 577 pages
File Size : 53,9 Mb
Release : 2010-03-02
Category : Business & Economics
ISBN : 9780470251386

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Food and Beverage Cost Control by Lea R. Dopson,David K. Hayes Pdf

Provides the theory, instruction, and practical skills needed to manage the functions of cost control, setting budgets and accurately pricing goods and services in the hospitality management and culinary business. --From publisher description.

Author : Godwin-Charles Ogbeide
Publisher : Cognella Academic Publishing
Page : 128 pages
File Size : 55,7 Mb
Release : 2013-12-31
Category : Electronic
ISBN : 1626617538

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Revenue Management, Cost Control, and Financial Analysis in the Hospitality Industry by Godwin-Charles Ogbeide Pdf

Author : Jerry J. Weygandt,Donald E. Kieso,Paul D. Kimmel,Agnes L. DeFranco
Publisher : John Wiley and Sons
Page : 544 pages
File Size : 55,7 Mb
Release : 2008-03-03
Category : Business & Economics
ISBN : 9780470083604

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Hospitality Financial Accounting by Jerry J. Weygandt,Donald E. Kieso,Paul D. Kimmel,Agnes L. DeFranco Pdf

Updated with the latest developments in the accounting and hospitality fields, Hospitality Financial Accounting, Second Edition covers the basics of financial accounting and then walks you through analyzing financial statements and dealing with the daily issues you’ll face on the job. In this Second Edition, the authors have provided engaging new coverage and features that includes new case studies, an expanded section on ethics, new “Accounting in Action” vignettes, applied exercises, and new coverage of casinos, spas, and purveyors.