Essential Financial Techniques for Hospitality Managers : A practical manual.
by
Burgess, Cathy.
ISBN
:
9781908999986
Title
:
Essential Financial Techniques for Hospitality Managers : A practical manual.
Author
:
Burgess, Cathy.
Personal Author
:
Burgess, Cathy.
Edition
:
2nd ed.
Physical Description
:
1 online resource (248 pages)
Contents
:
Contents -- Foreword -- Preface -- 1 Introduction to hospitality control -- So, what is a business? -- About hospitality and tourism -- Overall features of the industry -- Features of the different sectors -- The importance of control -- Attitudes to theft -- Stakeholders -- Organisational structures -- Financial control or accounts department -- 2 Understanding management reports -- Financial reports -- Profit & Loss Report -- Performance analysis -- The Balance Sheet -- Adjustments to Accounts -- 3 Managing revenue -- Features of different sectors -- Identifying areas for action -- Improving revenue controls -- Control processes for different sectors -- Revenue management -- Improving sales generally -- 4 Managing costs -- Types of costs -- Ratios -- Raw materials -- Ways of improving GPs -- Labour -- Other costs -- 5 Pricing to achieve profit -- Different types of pricing -- Marketer's method of pricing -- Fitting the methods together -- Breaking even -- 6 Forecasting -- Why bother? -- What is forecasting? -- Timing -- Forecasting new products -- Budgets -- Strategic planning -- Forecasting cash -- 7 Managing cash and stocks -- Cash -- Bank accounts -- Paying bills (creditors) -- Stock management -- Purchasing -- Storage -- 8 Planning and monitoring usage -- Features of raw materials -- Portion and usage control -- Recipe costing -- Standard costing -- Standard costing for payroll -- Sales variances -- 9 Using spreadsheets for management tasks -- The basics of spreadsheet design -- Spreadsheet exercise -- Using spreadsheets for different tasks -- Presenting results -- More practice on spreadsheets -- 10 Being part of a company -- Ownership of business -- Aspects of company accounts -- Shares -- Share ownership -- Franchising and management contracts -- 11 Conclusions and developing your skills -- Key themes -- Anticipating trends.
Developing your financial skills further -- Developing your skills -- Looking after your staff -- Glossary -- Further resources -- Answers to the Exercises -- Index.
Local Note
:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2016. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Subject Term
:
Hospitality industry -- Finance.
Hospitality industry -- Great Britain -- Accounting.
Tourism -- Finance.
Tourism -- Great Britain -- Accounting.
Format
:
Electronic Resources
Electronic Access
:
Publication Date
:
2014
Publication Information
:
Oxford :
Goodfellow Publishers Ltd,
2014.
©2014.
Shelf Number | Material Type | Copy | Shelf Location | Status |
---|
647.9442 | 1:E-BOOK | 1 | 1:ON-DEMAND | Browse online or request access to ebook |