Financial Management: for the Hospitality, Tourism and Leisure Industries

This new book is aimed at catering, hospitality, tourism and leisure students for their Accounting and Finance papers. The authors set out to pitch for a basic level of understanding. The financial material is introduced through a series of concrete examples built round an imaginary hotel business. The book is designed to be ideal for independent learning as well as for use with groups. Answers are provided in the textbook to all numerical problems. Front Matter....Pages i-xx Front Matter....Pages 1-2 The Users of Financial Statements....Pages 3-8 Accounting Concepts and Conventions....Pages 9-14 Establishing a Financial Record Keeping System....Pages 15-27 Preparing the Ledger Accounts....Pages 28-47 Preparing a Trading and Profit and Loss Account....Pages 48-61 Preparing a Balance Sheet....Pages 62-71 Preparing Bank Reconciliation Statements....Pages 72-77 Accounting for Wages....Pages 78-83 Recording Value Added Tax....Pages 84-92 Preparing Company Accounts....Pages 93-107 Preparing Cash Flow Statements....Pages 108-114 Front Matter....Pages 115-116 Cost Behaviour and Control....Pages 117-131 Cost Analysis and Decision Making....Pages 132-141 Managing Budgets....Pages 142-154 Establishing a Standard Costing and Variance Analysis System....Pages 155-168 Front Matter....Pages 169-170 Interpreting Financial Accounts....Pages 171-196 Managing Working Capital....Pages 197-207 Appraising Capital Investment Programmes....Pages 208-220 Raising Finance....Pages 221-231 Managing Foreign Exchange....Pages 232-239 Back Matter....Pages 240-284 Aimed particularly at students who have not studied finance before, the financial material is expounded using a series of concrete examples built around a hotel and leisure business. Each chapter has tasks to help readers apply the theory and test their understanding.