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| FINANCIAL MANAGEMENT FOR HOSPITALITY DECISION MAKERS
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To order this title, and for more information, click here
By
Chris Guilding, Professor, Dept of Tourism, Leisure, Hotel and Sport Management, Griffith University, Queensland, Australia
Included in series
Hospitality, Leisure and Tourism,
Description
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.
Audience
Level 2 and 3 hospitality degree and HND students where finance and accounting is a core subject.
Contents
Introduction: hospitality decision makers use of financial management; Financial accounting: Analysis of transactions and year end financial
statement preparation; double entry accounting; adjusting and closing entries; Management Accounting: Financial statement analysis; Cost
management issues; Breakeven analysis; Budgeting and responsibility accounting; Flexible budgeting and variance analysis; Cost information
and pricing; Financial management: Capital budgeting; Working capital management
| Bibliographic details |
Paperback, 238 pages, publication date: JUN-2002
ISBN-13: 978-0-7506-5659-7
ISBN-10: 0-7506-5659-X
Imprint: BUTTERWORTH HEINEMANN
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| Price and Ordering |
Price:
EUR 41.95
USD 48.95
GBP 27.99
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Last update: 4 Sep 2009
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