Essential Financial Techniques for Hospitality Managers A practical approach Cathy Burgess ISBN: About this book Table of contents About the authors Sample files Excel versions of different exercises to accompany selected chapters, annotated with comments about spreadsheet design and other uses: Buy now "There is no doubt that this book can help you to become a better manager and I recommend this text for all managers in hospitality who need to manage the business finances responsibly and effectively.
She teaches financial management to undergraduate and postgraduate students both in the University and via on-line and distance learning. In her spare time she enjoys sitting with a glass of wine admiring the view from their old house in the Cotswolds. Sample files Copyright, foreword and preface Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Excel versions of different exercises to accompany selected chapters, annotated with comments about spreadsheet design and other uses: Chapter 2. Chapter 1 Introduction to Hospitality Control.
Chapter 2 Understanding Management Reports. Chapter 3 Managing Revenue. Chapter 4 Managing Costs.
Chapter 5 Pricing to Acheive Profit. Chapter 6 Reporting.
Chapter 7 Managing Cost and Stocks. Chapter 8 Planning and Monitoring Usage.
The same is true of hospitality. Making small savings, whether energy, food or labour, can add up to a high value when multiplied by many customers or activities. You need to know where these all come from too, and what you can control, and what is more difficult.
Essential Financial Techniques for Hospitality Managers: a practical approach is a user friendly and hands-on introduction to finance and accounting in the. Essential. Financial Techniques for Hospitality. Managers. A Practical Approach. Second edition. Cathy Burgess. Goodfellow Publishers Ltd.
Effective cost management means understanding what elements are important to the customer experience and to staff achievement, and developing a culture of careful management for everyone. Everyone needs to understand the business — not just their own part of it but how all the different aspects link together. Your actions can have an impact on other areas, and their actions can affect you, so you need to understand all this and be able to take effective, informed decisions.
Please talk to other managers and staff so you understand what impacts on customer satisfaction. Happy customers equals profits!
Using case studies and actual entrepreneurial ventures, students explore entrepreneurship with a focus on leadership, marketing, development, management, and growth of new business ventures. A major goal of this course is to help students learn to use an analytic decision-making approach in developing and marketing new products and services that meet customer needs in the consumer, industrial, and service settings. Conservatism Materiality Consistency Monetary unit Cost Objectivity Full disclosure Realization Going concern Time period Matching a A hotel corporation is preparing its end of year financial statements. In stock online Free UK delivery Usually dispatched within 24 hours. Business entity principle This principle indicates that accounting and financial statements are based on the concept that each business maintains its own set of accounts and that these accounts are separate from those of the owners. The old view of operations management as the task of maintaining a comparatively static production or service facility has given way to one characterized by a need for renewed flexibility, relentless improvement, and the development of new capabilities at the operating unit level. Additionally, students will have the opportunity to become Hubspot certified.
She teaches financial management to undergraduate and postgraduate students both in the University and via on-line and distance learning. She gained her PhD for her research in the area of hospitality financial management. Burgess, C Multiple stakeholders and middle managers: the role of the hotel financial controller. Service Industries Journal.