Accounting and financial analysis in the hospitality industry:
"Accounting and Financial Analysis in the Hospitality Industry offers a clear introduction to fundamental accounting concepts and provides the tools to produce solid financial analysis and optimal operational performance in hotels and restaurants. The text examines the current practices of some...
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Amsterdam [u.a.]
Elsevier Butterworth-Heinemann
2005
|
Schriftenreihe: | Butterworth-Heinemann hospitality management series
|
Schlagworte: | |
Online-Zugang: | Table of contents only Publisher description Inhaltsverzeichnis |
Zusammenfassung: | "Accounting and Financial Analysis in the Hospitality Industry offers a clear introduction to fundamental accounting concepts and provides the tools to produce solid financial analysis and optimal operational performance in hotels and restaurants. The text examines the current practices of some of today's leading hotel and restaurant companies and introduces the fundamentals of hospitality accounting from a practical, applied perspective with real industry examples." "In addition, Accounting and Financial Analysis in the Hospitality Industry provides hospitality managers the knowledge and experience to be comfortable working with the numbers to manage their departments effectively. This insight will equip managers with the skills needed to perform efficiently and correctly in all their accounting and financial roles including revenue forecasting, wage scheduling, budgeting, P&L critiques, purchasing procedures and cost control methods."--BOOK JACKET. |
Beschreibung: | Includes index. |
Beschreibung: | XIII, 296 S. Ill., graph. Darst. |
ISBN: | 0750678968 9780750678964 |
Internformat
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264 | 1 | |a Amsterdam [u.a.] |b Elsevier Butterworth-Heinemann |c 2005 | |
300 | |a XIII, 296 S. |b Ill., graph. Darst. | ||
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490 | 0 | |a Butterworth-Heinemann hospitality management series | |
500 | |a Includes index. | ||
520 | 1 | |a "Accounting and Financial Analysis in the Hospitality Industry offers a clear introduction to fundamental accounting concepts and provides the tools to produce solid financial analysis and optimal operational performance in hotels and restaurants. The text examines the current practices of some of today's leading hotel and restaurant companies and introduces the fundamentals of hospitality accounting from a practical, applied perspective with real industry examples." "In addition, Accounting and Financial Analysis in the Hospitality Industry provides hospitality managers the knowledge and experience to be comfortable working with the numbers to manage their departments effectively. This insight will equip managers with the skills needed to perform efficiently and correctly in all their accounting and financial roles including revenue forecasting, wage scheduling, budgeting, P&L critiques, purchasing procedures and cost control methods."--BOOK JACKET. | |
650 | 4 | |a Accueil (Tourisme) - Comptabilité | |
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Datensatz im Suchindex
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adam_text | Contents
Preface ix
Foreword xiii
Chapter 1
Introduction to Numbers, Accounting, and Financial Analysis 1
Numbers: The Lifeblood of Business 3
Career Success Model 6
The Three Main Financial Statements 9
Revenues: The Beginning of Financial Performance 15
Profit: The Ultimate Measure of Financial Performance 20
Summary 23
Hospitality Manager Takeaways 24
Key Terms 24
Formulas 25
Review Questions 26
Chapter 2
Foundations of Financial Analysis 27
Fundamental Methods of Financial Analysis 28
Comparing Numbers to Give Them Meaning 30
Measuring Change to Explain Performance 32
Using Percentages in Financial Analysis 34
Four Types of Percentages Used in Financial Analysis 35
Trends in Financial Analysis 39
Summary 41
Hospitality Manager Takeaways 42
Key Terms 42
Formulas 43
Review Questions 43
Problems 43
V
TABLE OF CONTENTS
Chapter 3
Accounting Department Organization and Operations 47
Organization Charts 48
Accounting Operations in Full Service Hotels 57
Accounting Operations in Restaurants and Smaller Hotels 62
Summary 64
Hospitality Manager Takeaways 65
Key Terms 65
Review Questions 66
Chapter 4
The Profit and Loss (P L) Statement 67
Hotel Consolidated P L Statements 69
Formats for a Consolidated P L 75
Department P L Statements 82
Summary 84
Hospitality Manager Takeaways 85
Key Terms 86
Review Questions 87
Chapter 5
The Balance Sheet (A L) and Statement of Cash Flow 89
The Balance Sheet or Asset and Liability (A L) Statement 90
Working Relationships between the Balance Sheet and the P L Statement . . 99
The Statement of Cash Flow 101
Summary 107
Hospitality Manager Takeaways 108
Key Terms 108
Review Questions 109
Chapter 6
Hotel Management Reports 111
Internal Hotel Management Reports 112
Daily Reports 113
Weekly Internal Management Reports 125
Monthly Internal Management Reports 127
Summary 131
II
TABLE OF CONTENTS
Hospitality Manager Takeaways 132
Key Terms 132
Review Questions 133
Chapter 7
Revenue Management 135
REVPAR: Revenue per Available Room 136
Rate Structures and Market Segments 141
Revenue Management Systems 143
Selling Strategies 147
Summary 149
Hospitality Manager Takeaways 150
Key Terms 150
Review Questions 151
Chapter 8
Comparison Reports and Financial Analysis 153
Profitability: The Best Measure of Financial Performance 154
Review of Chapter 2: Foundations of Financial Analysis 159
Variation Analysis 161
STAR Market Report 167
Summary 170
Hospitality Manager Takeaways 170
Key Terms 171
Review Questions 171
Chapter 9
Forecasting: A Very Important Management Tool 173
Forecasting Fundamentals 175
Types and Uses of Forecasts 176
Revenue Forecasting 182
Wage Forecasting and Scheduling 184
Summary 185
Hospitality Manager Takeaways 186
Key Terms 186
Review Questions 187
Problems 187
VI
TABLE OF CONTENTS
Chapter 10
Budgets 229
The Use of Budgets in Business Operations 231
Annual Operating Budgets 234
Formulas and Steps in Preparing a Budget 236
Capital Expenditure Budgets 240
Summary 243
Hospitality Manager Takeaways 243
Key Terms 244
Review Questions 244
Problems 245
Chapter 11
Corporate Annual Reports 249
The Purpose of Corporate Annual Reports 251
The Message to Shareholders 254
The Content of the Corporate Annual Report 257
Financial Results for the Year 261
Summary 262
Hospitality Manager Takeaways 263
Key Terms 263
Review Questions 264
Chapter 12
Personal Financial Literacy 265
Personal Financial Literacy 266
Managing Personal Finances 271
Evaluating Assets and Sources of Income 274
Summary 276
Hospitality Manager Takeaways 277
Key Terms 277
Review Questions 278
Glossary 279
Index 287
|
adam_txt |
Contents
Preface ix
Foreword xiii
Chapter 1
Introduction to Numbers, Accounting, and Financial Analysis 1
Numbers: The Lifeblood of Business 3
Career Success Model 6
The Three Main Financial Statements 9
Revenues: The Beginning of Financial Performance 15
Profit: The Ultimate Measure of Financial Performance 20
Summary 23
Hospitality Manager Takeaways 24
Key Terms 24
Formulas 25
Review Questions 26
Chapter 2
Foundations of Financial Analysis 27
Fundamental Methods of Financial Analysis 28
Comparing Numbers to Give Them Meaning 30
Measuring Change to Explain Performance 32
Using Percentages in Financial Analysis 34
Four Types of Percentages Used in Financial Analysis 35
Trends in Financial Analysis 39
Summary 41
Hospitality Manager Takeaways 42
Key Terms 42
Formulas 43
Review Questions 43
Problems 43
V
TABLE OF CONTENTS
Chapter 3
Accounting Department Organization and Operations 47
Organization Charts 48
Accounting Operations in Full Service Hotels 57
Accounting Operations in Restaurants and Smaller Hotels 62
Summary 64
Hospitality Manager Takeaways 65
Key Terms 65
Review Questions 66
Chapter 4
The Profit and Loss (P L) Statement 67
Hotel Consolidated P L Statements 69
Formats for a Consolidated P L 75
Department P L Statements 82
Summary 84
Hospitality Manager Takeaways 85
Key Terms 86
Review Questions 87
Chapter 5
The Balance Sheet (A L) and Statement of Cash Flow 89
The Balance Sheet or Asset and Liability (A L) Statement 90
Working Relationships between the Balance Sheet and the P L Statement . . 99
The Statement of Cash Flow 101
Summary 107
Hospitality Manager Takeaways 108
Key Terms 108
Review Questions 109
Chapter 6
Hotel Management Reports 111
Internal Hotel Management Reports 112
Daily Reports 113
Weekly Internal Management Reports 125
Monthly Internal Management Reports 127
Summary 131
II
TABLE OF CONTENTS
Hospitality Manager Takeaways 132
Key Terms 132
Review Questions 133
Chapter 7
Revenue Management 135
REVPAR: Revenue per Available Room 136
Rate Structures and Market Segments 141
Revenue Management Systems 143
Selling Strategies 147
Summary 149
Hospitality Manager Takeaways 150
Key Terms 150
Review Questions 151
Chapter 8
Comparison Reports and Financial Analysis 153
Profitability: The Best Measure of Financial Performance 154
Review of Chapter 2: Foundations of Financial Analysis 159
Variation Analysis 161
STAR Market Report 167
Summary 170
Hospitality Manager Takeaways 170
Key Terms 171
Review Questions 171
Chapter 9
Forecasting: A Very Important Management Tool 173
Forecasting Fundamentals 175
Types and Uses of Forecasts 176
Revenue Forecasting 182
Wage Forecasting and Scheduling 184
Summary 185
Hospitality Manager Takeaways 186
Key Terms 186
Review Questions 187
Problems 187
VI
TABLE OF CONTENTS
Chapter 10
Budgets 229
The Use of Budgets in Business Operations 231
Annual Operating Budgets 234
Formulas and Steps in Preparing a Budget 236
Capital Expenditure Budgets 240
Summary 243
Hospitality Manager Takeaways 243
Key Terms 244
Review Questions 244
Problems 245
Chapter 11
Corporate Annual Reports 249
The Purpose of Corporate Annual Reports 251
The Message to Shareholders 254
The Content of the Corporate Annual Report 257
Financial Results for the Year 261
Summary 262
Hospitality Manager Takeaways 263
Key Terms 263
Review Questions 264
Chapter 12
Personal Financial Literacy 265
Personal Financial Literacy 266
Managing Personal Finances 271
Evaluating Assets and Sources of Income 274
Summary 276
Hospitality Manager Takeaways 277
Key Terms 277
Review Questions 278
Glossary 279
Index 287 |
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spelling | Hales, Jonathan Verfasser aut Accounting and financial analysis in the hospitality industry Jonathan A. Hales Amsterdam [u.a.] Elsevier Butterworth-Heinemann 2005 XIII, 296 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier Butterworth-Heinemann hospitality management series Includes index. "Accounting and Financial Analysis in the Hospitality Industry offers a clear introduction to fundamental accounting concepts and provides the tools to produce solid financial analysis and optimal operational performance in hotels and restaurants. The text examines the current practices of some of today's leading hotel and restaurant companies and introduces the fundamentals of hospitality accounting from a practical, applied perspective with real industry examples." "In addition, Accounting and Financial Analysis in the Hospitality Industry provides hospitality managers the knowledge and experience to be comfortable working with the numbers to manage their departments effectively. This insight will equip managers with the skills needed to perform efficiently and correctly in all their accounting and financial roles including revenue forecasting, wage scheduling, budgeting, P&L critiques, purchasing procedures and cost control methods."--BOOK JACKET. Accueil (Tourisme) - Comptabilité Accueil (Tourisme) rasuqam Analyse financière rasuqam Comptabilité rasuqam Hospitality industry Accounting Finanzanalyse (DE-588)4133000-6 gnd rswk-swf Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Hotelgewerbe (DE-588)4072636-8 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Hotelgewerbe (DE-588)4072636-8 s Rechnungswesen (DE-588)4048732-5 s DE-604 Finanzanalyse (DE-588)4133000-6 s http://www.loc.gov/catdir/toc/ecip0510/2005009790.html Table of contents only http://www.loc.gov/catdir/enhancements/fy0622/2005009790-d.html Publisher description HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015610978&sequence=000010&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Hales, Jonathan Accounting and financial analysis in the hospitality industry Accueil (Tourisme) - Comptabilité Accueil (Tourisme) rasuqam Analyse financière rasuqam Comptabilité rasuqam Hospitality industry Accounting Finanzanalyse (DE-588)4133000-6 gnd Rechnungswesen (DE-588)4048732-5 gnd Hotelgewerbe (DE-588)4072636-8 gnd |
subject_GND | (DE-588)4133000-6 (DE-588)4048732-5 (DE-588)4072636-8 (DE-588)4123623-3 |
title | Accounting and financial analysis in the hospitality industry |
title_auth | Accounting and financial analysis in the hospitality industry |
title_exact_search | Accounting and financial analysis in the hospitality industry |
title_exact_search_txtP | Accounting and financial analysis in the hospitality industry |
title_full | Accounting and financial analysis in the hospitality industry Jonathan A. Hales |
title_fullStr | Accounting and financial analysis in the hospitality industry Jonathan A. Hales |
title_full_unstemmed | Accounting and financial analysis in the hospitality industry Jonathan A. Hales |
title_short | Accounting and financial analysis in the hospitality industry |
title_sort | accounting and financial analysis in the hospitality industry |
topic | Accueil (Tourisme) - Comptabilité Accueil (Tourisme) rasuqam Analyse financière rasuqam Comptabilité rasuqam Hospitality industry Accounting Finanzanalyse (DE-588)4133000-6 gnd Rechnungswesen (DE-588)4048732-5 gnd Hotelgewerbe (DE-588)4072636-8 gnd |
topic_facet | Accueil (Tourisme) - Comptabilité Accueil (Tourisme) Analyse financière Comptabilité Hospitality industry Accounting Finanzanalyse Rechnungswesen Hotelgewerbe Lehrbuch |
url | http://www.loc.gov/catdir/toc/ecip0510/2005009790.html http://www.loc.gov/catdir/enhancements/fy0622/2005009790-d.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015610978&sequence=000010&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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