Description

Book Synopsis
Financial Control for Your Hotel gives hotel general managers and finance executives a clear understanding of the techniques of cost control essential to the success of a motel or small hotel. This easy-to-use guide expands readers' understanding of everything from the basics of hotel finance to improving the bottom line. Industry expert Michael M.

Table of Contents
Understanding Your Balance Sheet.

Understanding Your Income Statement.

Internal Control.

Guest Account Control.

Purchasing.

Receiving, Storing, and Paying for Purchases.

Employee Policies.

Labor Cost Control.

Income Statement Analysis.

ratio Analysis.

Cost Management.

Using Break-Even Analysis.

Establishing Room Rates.

Room Rate Discounting and Yield Management.

Budgeting.

Working Capital and Cash Management.

Long-Term Investments.

Appendix.

Glossary.

Index.

Financial Control for Your Hotel

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    A Paperback / softback by Michael M. Coltman

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      View other formats and editions of Financial Control for Your Hotel by Michael M. Coltman

      Publisher: John Wiley & Sons Inc
      Publication Date: Publication Date: 12/11/1997
      ISBN13: 9780471290360, 978-0471290360
      ISBN10: 047129036X

      Description

      Book Synopsis
      Financial Control for Your Hotel gives hotel general managers and finance executives a clear understanding of the techniques of cost control essential to the success of a motel or small hotel. This easy-to-use guide expands readers' understanding of everything from the basics of hotel finance to improving the bottom line. Industry expert Michael M.

      Table of Contents
      Understanding Your Balance Sheet.

      Understanding Your Income Statement.

      Internal Control.

      Guest Account Control.

      Purchasing.

      Receiving, Storing, and Paying for Purchases.

      Employee Policies.

      Labor Cost Control.

      Income Statement Analysis.

      ratio Analysis.

      Cost Management.

      Using Break-Even Analysis.

      Establishing Room Rates.

      Room Rate Discounting and Yield Management.

      Budgeting.

      Working Capital and Cash Management.

      Long-Term Investments.

      Appendix.

      Glossary.

      Index.

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