Unique in its approach, 'Money Matters for Hospitality Managers' is unlike other heavy theoretical accounting texts, using real life scenarios to show managers how it's done. Backed up by a range of exercises and activities, it thus allows managers to put their learning straight into practice - and so to achieve immediate results!
'Money Matters' will actively help managers and employees in the industry to:
· learn more about the control aspects in order to become more effective in their work
· learn about the business and companies in the wider context
· understand where their section of the organization fits in the 'bigger picture'
· increase their knowledge and enhance career opportunities
Covering an unprecedented range of sectors (including hotels, restaurants, contract catering, leisure tourism, cruise ships and theme parks), the book supplies useful advice for the whole hospitality industry. It is ideal for operational and first line management, for whom it provides a welcome, accessible and hands-on introduction to finance and accounting in their sector.
Table of Contents
Introduction to hospitality control; Understanding management reports; Managing revenue; Managing costs; Pricing to achieve profit; Forecasting; Managing cash and stocks; Planning and monitoring usage; Using spreadsheets for management tasks; Being part of a company; Developing your skills.
"A really fresh and friendly approach to supporting learning about accounting and finance. Clearly written, logically presented and well-explained material in a style that also manages to make the subject accessible and interesting." - John Cousins, Director, The Food and Beverage Training Company
"Although this book deals with a subject that normally many readers would avoid, it provides a user-friendly approach to handling accounts and money. Real life examples are used accompanied by a range of exercises and activities. The book is useful in that it recognises the need for Hospitality Managers to work in an increasingly competitive market and be 'finance savvy'. Guide to Money Matters provides a useful guide and training material in an area, which currently is not always covered in-depth in other management resources. It is aimed mainly at managers or supervisors but with its well structured format it can be used by any reader within the hospitality industry. A useful list for further reading and a detail index make this book a good resource of information on money issues. An "accounting" book that makes sense." - HCIMA's 'Hospitality' journal