Accounting And Financial Analysis In The Hospitality Industry : The Use Of Reason In Argument

Description This book explains howto use numbers and fundamental accounting to operate a successfulhospitality department or business. Focusing on the basics,sections progress from accounting and financial analysis tofinancial statements and management reports to budgeting andforecasting. Throughout the book current hospitality examples,photographs and illustrations are used. This edition includes thelatest from the Uniform System of Accounts for the Lodging Industry, TenthRevised Edition, expanded material on Department Profit andLoss Statements, coverage of the 2009 recession and new practiceexercises throughout. For Sale in Indiansubcontinent only Accounting fundamentals with a hospitality management focus.? Emphasizes how accounting concepts and processes can be used as ahospitality, hotel or restaurant manager. An emphasis on learningcore job responsibilities such as how to: ? Analyze the P&LStatement ? Prepare weekly forecasts ? Develop budgets ? Use actualmanagement and financial reports ? Understand the language ofaccounting and finance Use of hospitality examples, photographs,and reports?from actual hotels, restaurants and golf clubs. ?Provides a meaningful context for students and applies questions toa specific property PART I: CREATING A FOUNDATION Introduction to Numbers, Accounting, and Financial Analysis Foundations of Financial Analysis Accounting Department Organization and Operations PART II: FINANCIAL STATEMENTS AND MANAGEMENT REPORTS The Profit and Loss Statement ( P & L) The Balance Sheet ( A&L) and Statement of Cash Flow Hotel Management Reports Revenue Management Comparison Reports and Financial Analysis PART III: BUDGETS AND FORECASTS Budgets Forecasting?A Very Important Management Tool PART IV: OTHER FINANCIAL INFORMATION Corporate Annual Reports Personal Financial Literacy Glossary Index