TAILIEUCHUNG - Lecture Hospitality financial management: Chapter 12 - DeFranco, Lattin

The last chapter presents an overview of all chapters covered in the book along with a recap of the most important subjects included in the chapters. Authors wrap up the all the fundamental financial concepts and name this chapter “Tying It All Together”. An index is included following the last chapter. | Chapter 12 Tying it All Together Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Review Hospitality Industry Financial Challenges Reading, Interpreting, and Analyzing Financial Statements and Management Reports Managing Working Capital Growing the Business Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Review Knowing the Sources, Types, and Costs of Capital Investment Analysis The Investment Package Crafting and Negotiating the Deal Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Hospitality Financial Challenges Labor intensive Fluctuating sales volume Low profitability Capital intensive Reliance on discretionary incomes A multi-faceted industry Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Accounting Standards Develop Standards Financial Accounting Standards Board (FASB) Securities and Exchange Commission (SEC) Generally Accepted Accounting Principles (GAAP) Govern all accounting and financial reporting Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Uniform Systems of Accounts Uniform System of Accounts for the Lodging Industry Uniform System of Accounts for Restaurants Uniform System of Financial Reporting for Clubs Other systems: Timeshare Condominium Health, racquet, and sports clubs Spas Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Income Statement Presents operating results over a specific period of time Sections of the income statement: Revenues or Sales Operating Expenses For hotel properties: Departmental expenses Unallocated expenses Capital Expenses or Fixed Costs Net Income or Profit and Loss Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Balance Sheet Provides a snapshot of a company’s financial position Categories of accounts: Assets Current Assets Fixed Assets Liabilities Current Liabilities Long Term Liabilities Equity Assets = Liabilities + Equity Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Statement of Cash .

• Quản trị kinh doanh
• Financial management
• Hospitality financial management
• Hospitality industry management
• Management reports
• Managing working capital
• Accounting standards
• Financial statement
• International trade transactions
• Fundamentals of financial management
• Financial statement analysis
• International financial management
• Quản lý tài chính
• Multinational financial management
• Exchange rates
• Financial environments
• Overview of Financial Management and the Financial Environment
• The financial environment
• Forms of business organization
• Determinants of stock pricing
• Financial instruments
• Practical financial management
• Financial background
• Financial statements
• Financial planning
• Financial system
• Financial ratio
• IT financial management
• Setting the scene
• IT financial management maturity
• Parameters influencing IT financial management
• Costs of IT financial management
• More quantifiable benefits
• Overview of roles
• Analysis of financial reports
• Analyzing financial statements
• Management decision making
• Foundations of financial management
• Review of accounting
• Financial analysis
• Financial forecasting
• The financing decision
• Financial leverage
• Current asset management
• Paper F7
• Revision kit 2016
• Management Financial
• Financial Management Exam Review
• Review of Financial Management
• Study text 2016
• Lecture Multinational financial management
• International financial reporting standards
• Foreign exchange risk management
• Financing decisions
• Investment decisions
• Role of management
• International cash management
• Cash flow analysis
• Centralized cash management
• Intermediate financial management
• Financial options
• Corporate valuation
• Corporate governance
• Financial markets
• Cash flow
• Analysis of financial statements
• Ratio analysis
• Interest rates
• Financial institutions
• Forecasting sales
• Business environment
• Limited liability company
• Common size analysis
• Statement analysis
• Break even analysis
• Break even point