Hospitality Financial Management provides a straightforward, practical approach to help the hospitality manager effectively:

• analyze hospitality industry management reports and financial statements
• prepare accurate business forecasts, strategic pricing models, and effective cost-control systems
• manage working capital
• develop and finance growth strategies
• perform investment analysis
• prepare investment packages
• negotiate and structure business deals

This comprehensive how-to book includes:

• Feature Stories—brief histories of famous hospitality leaders highlighting how they have used financial management skills to attain success for their companies and significant financial rewards for themselves
• Learning Outcomes—a summary of key topics covered in each chapter
• Finance in Action—scenarios that apply the concepts, skills, and techniques presented in the chapter to real-world situations. A step-by-step solution is provided for each problem to walk the reader through the necessary financial calculations
• The Real Deal—boxed inserts that emphasize the relevance of the book by linking financial concepts to fun facts associated with situations students either have or will encounter in their everyday lives
• Concept Checks—case studies that reinforce the materials presented and enable students to practice their analytic and problem-solving skills

Contents

1. Finance and the Hospitality Industry
2. Financial Reporting
3. Analyzing Financial Statements
4. Managing Working Capital and Controlling Cash
5. Growing the Business
6. Financing Growth
7. The Time Value of Money
8. Investment Analysis
9. Hospitality Industry Applications of Time Value of Money Concepts and Skills
10. The Investment Package
11. Crafting and Negotiating the Deal
12. Tying It All Together

Index

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