Financial management for hospitality decision makers / Chris Guilding.
Material type:
TextSeries: Hospitality, leisure and tourismPublication details: Oxford : Butterworth-Heinemann, 2002Description: 1 online resource (xi, 238 p.) : illISBN: 9780080506456 (ebook)Subject(s): Hospitality industry -- Finance | Travel and Tourism | Budgeting & financial management | Hospitality & service industries | Hotel & catering trades | Accounting | EntrepreneurshipGenre/Form: Additional physical formats: Print version :: No titleOnline access: Click here to access online Summary: Because of increased levels of competition in the sector, managers in the hospitality industry need a working knowledge of financial tools, techniques and procedures. Chris Guilding's guide is written for undergraduates and practitioners. 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.
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Electronic publication | Electronic publication | Available |
Includes index.
Because of increased levels of competition in the sector, managers in the hospitality industry need a working knowledge of financial tools, techniques and procedures. Chris Guilding's guide is written for undergraduates and practitioners. 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.
Electronic reproduction. Askews and Holts. Mode of access: World Wide Web.
Description based on print version record.
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