common concerns for the hospitality industry

... © 2009 John Wiley & Sons     Hoboken, NJ  07030 Managerial Accounting for the Hospitality Industry Dopson & Hayes The Purpose of the Statement of Cash Flows  The statement of cash flow shows (SCF) shows all sources ...     Hoboken, NJ  07030 Managerial Accounting for the Hospitality Industry Dopson & Hayes Sources and Uses of Funds  Sources represent inflows and uses represent outflows of funds for the hospitality business  When ...  This net change in cash must equal the difference between the cash account at the beginning of the accounting period and the cash account at the end of the accounting period © 2009 John Wiley & Sons

Ngày tải lên: 16/01/2020, 17:03

... Managerial Accounting for the Hospitality Industry Dopson & Hayes Figure 8.2 Comparison of Normal and Bottom-Up Formats Normal Format for the Income Statement Bottom-Up Format for the Hubbart Formula Operated ... offered by the hotel © 2009 John Wiley & Sons     Hoboken, NJ  07030 Managerial Accounting for the Hospitality Industry Dopson & Hayes The Hubbart Room Rate Formula  The Hubbart formula is used ... is shown in Figure 8.3  For a detailed analysis of the Hubbart formula, see Go Figure! following Figure 8.3  For a summary of the Hubbart formula calculations for the Blue Lagoon Water Park

Ngày tải lên: 16/01/2020, 17:20

... Managerial Accounting for the Hospitality Industry Dopson & Hayes Goal Value Analysis  The algebraic goal value formula can be used to create a specific goal value for the entire menu, and the same formula ... Managerial Accounting for the Hospitality Industry Dopson & Hayes Goal Value Analysis  A second approach to improving the goal value score is to work on improving the B value, that is, the number of times the ... Managerial Accounting for the Hospitality Industry Dopson & Hayes g o fig u re!                      Using 30% for variable cost % and the average/ weighted average numbers from Figure 7.4 for # sold (100),

Ngày tải lên: 16/01/2020, 17:24

...     Hoboken, NJ  07030 Managerial Accounting for the Hospitality Industry Dopson & Hayes Learning Outcomes  Identify the purposes for the various types of budgets used in the hospitality industry  Create an operations ... build their budgets, monitor them closely, modify them when necessary, and achieve their desired results © 2009 John Wiley & Sons     Hoboken, NJ  07030 Managerial Accounting for the Hospitality Industry ... procedures and/or modify the financial plan © 2009 John Wiley & Sons     Hoboken, NJ  07030 Managerial Accounting for the Hospitality Industry Dopson & Hayes The Importance of Budgets  The advantages

Ngày tải lên: 16/01/2020, 17:31

... Managerial Accounting for the Hospitality Industry Dopson & Hayes The Concept of Cost  Given all the possible approaches to examining costs, perhaps the easiest way to understand them is to consider their impact ... Managerial Accounting for the Hospitality Industry Dopson & Hayes Fixed and Variable Costs  As a manager, some of the costs you incur will stay the same each month  For that reason they are called ... Managerial Accounting for the Hospitality Industry Dopson & Hayes ( g o fig u re!  continued)                  Joshua knows that his after-tax-profit goal is $12,000, but the preceding formula calls for beforetax

Ngày tải lên: 16/01/2020, 17:44

... and hospitality-specific ratios  Compute and analyze the most common ratios used in the hospitality industry © 2009 John Wiley & Sons     Hoboken, NJ  07030 Managerial Accounting for the Hospitality Industry ... of the denominator (bottom number)  To convert from common form to decimal form, move the decimal two places to the left, that is, 50.00% = 0.50  To convert from decimal form to common form, ... and hospitality-specific ratios  Compute and analyze the most common ratios used in the hospitality industry © 2009 John Wiley & Sons     Hoboken, NJ  07030 64 Managerial Accounting for the Hospitality Industry

Ngày tải lên: 16/01/2020, 17:45

... Managerial Accounting for the Hospitality Industry Dopson & Hayes Owners  The balance sheet, prepared at the end of each defined accounting period, lets the owners of the business know about the amount ... or par value for the stock they issue and as each share is sold, an amount equal to the par value is reported in the common stock section of the balance sheet  Differences between the selling ... Managerial Accounting for the Hospitality Industry Dopson & Hayes Inflation Accounting  The second reason for computing percentage change in the preparation of balance sheets (as well as other financial

Ngày tải lên: 16/01/2020, 18:05

... Chapter 10 Forecasting in the Hospitality Industry © 2009 John Wiley & Sons     Hoboken, NJ  07030 Managerial Accounting for the Hospitality Industry Dopson & Hayes Chapter Outline  The Importance ...  Managers utilizing forecasts and forecast data understand some basic truths about forecasts These include: Forecasts involve the future Forecasts rely on historical data Forecasts are best utilized ... Managerial Accounting for the Hospitality Industry Dopson & Hayes Forecasting Restaurant Revenues  For operating restaurants, accurate sales histories are essential for forecasting future sales

Ngày tải lên: 16/01/2020, 18:16

... Managerial Accounting for the Hospitality Industry Dopson & Hayes Other Hospitality Industry Taxes  Hospitality businesses are responsible for reporting and paying a variety of hospitality industry taxes ... guests by hospitality businesses for taxes assessed on the sale of food, beverages, rooms, and other hospitality services Typically, the funds collected are then transferred (forwarded) to the appropriate ... Managerial Accounting for the Hospitality Industry Dopson & Hayes Role of Hospitality Managers  While it is not reasonable for most hospitality managers to become tax experts, it is possible for them to:

Ngày tải lên: 16/01/2020, 18:18

... (Loss) Before Income Taxes $ 162,174 Managerial Accounting for the Hospitality Industry Dopson & Hayes Format of the USAR  A restaurant income statement, using the Uniform System of Accounts for ... Managerial Accounting for the Hospitality Industry Dopson & Hayes Income Statement Preparation  In very small hospitality operations, the owner or managers of the business may be responsible for the preparation ... Managerial Accounting for the Hospitality Industry Dopson & Hayes Learning Outcomes  State the purpose of regularly preparing an income statement for a hospitality business  Explain the way managers

Ngày tải lên: 16/01/2020, 18:36

... Managerial Accounting for the Hospitality Industry Dopson & Hayes The Accounting Formula  The balance sheet and the income statement are developed from The Accounting Formula  The balance sheet ... Managerial Accounting for the Hospitality Industry Dopson & Hayes The Accounting Formula  The permanent and temporary owners’ equity accounts are shown in the following modification of The Accounting Formula: ... Managerial Accounting for the Hospitality Industry Dopson & Hayes The Accounting Formula  Assets are those items owned by the business  Liabilities are the amounts the business owes to others  Owners’

Ngày tải lên: 16/01/2020, 18:41

... Managerial Accounting for the Hospitality Industry Dopson & Hayes The Purpose of Accounting in the Hospitality Industry  Accounting is the process of recording financial transactions, summarizing them, and then ... Managerial Accounting for the Hospitality Industry Dopson & Hayes The Purpose of Accounting in the Hospitality Industry  Creditors want to know about the proposed business’s estimated financial performance before ... Unique Aspects of the Hospitality Industry The Purpose of Accounting in the Hospitality Industry Branches of Accounting Why Hospitality Managers Use Managerial Accounting The Uniform System of Accounts

Ngày tải lên: 16/01/2020, 18:43

... management The materials used for instruction are few, and the majority of these materials have been developed primarily for the lodging rather than foodservice segments of the hospitality industry ... examination of the tasks and responsibilities commonly assigned to RMs working in the hospitality industry As you will learn, the duties performed by RMs and the business titles they hold vary, but commonalities ... Revenue Management for the Hospitality Industry will be fun and challenging as well The book has been carefully designed to include information taken from inside the hospitality industry as well...

Ngày tải lên: 03/08/2017, 09:28

... tools and the like It is the fundamental integrated software platform for telecom operators It is an EIS used in the telecommunications industry Although there are some researches on the knowledge ... annual growth rate (CAGR) of the revenues for the period 2001–2007 is forecasted to be 6.27 per cent Industry revenues are forecasted to rise to $11.87 billion by the year 2007 Although OSS has ... business processes Only then can its value be fully utilized OSS is the basic software platform to support value chain management for the telecom industry OSS should be the enabling tools to fulfil...

Ngày tải lên: 24/01/2014, 00:20

... confidence and calmed the markets .especially for some segments of the European banking sector Despite the relatively comforting results of the European banking sector stress tests, the aggregate results ... At the core of these principles is the involvement of the board and senior management in the oversight of interest rate risk, and the responsibility of senior management in ensuring that the ... on the type of trades that an institution engages in For example, for institutions that are using foreign exchange primarily to trade their proprietary books, a rapid rise in the rate of their...

Ngày tải lên: 15/03/2014, 01:20

... need for a book of this scope became apparent during the annual presentations of Statistical Process Control Courses for the Food Industry, sponsored by the University of California, Davis, California ... than for merchandise produced in the United States, but the quality level and uniformity were excellent— a far cry from the shoddy reputation the Orient suffered throughout the first half of the ... repairs are part of the system, but certainly not in the food industries However, there are some parts of the six-sigma approach which might be of value to the food industry as well The Net Content...

Ngày tải lên: 02/04/2014, 15:06

... Number 207890 For further iníòrmation see our web site at www.rsc.org Preíace The preparation of this Preíace to the Proceedings of the 14 th Gums and Stabilisers for the Food Industry Coníerence ... it is the hydrophobic moiety of the arabinogalactan protein (AGP) of the gum arabic which bridges the hydrophilic barrier to coat the oil droplet, with the driving force being directed by the entropic ... degradation of the carbohydrate moiety that íorms the hydrated layer Rh then increases due to the ílocculation of emulsion droplets From the decrease in Rh the thickness in the layer surrounding the oil...

Ngày tải lên: 24/06/2014, 15:59

... Speaking The The The The The The The The The The The The The The The turntable r o t a t e s ^ F kelly rotates T/F swivel rotates T/F hook rotates T/F drill pipe rotates T/F engines turn the turntable ... the platform, to the left of the engines, above The fuel tanks are above the platform, to the right of the engines The ramp is to the left of the platform and to the right of the racks The mud ... Complete the sentences Then listen to check The engines provide the power The fuel hold fuel for the engines The engines drive the The generator provides electrical power for the the pump The pump...

Ngày tải lên: 28/06/2014, 04:20

... responsibility of the Secretary-General of the OECD SUMMARY OF THE ENVIRONMENTAL OUTLOOK FOR THE CHEMICALS INDUSTRY The chemicals industry makes products with many beneficial uses, but they can also ... world employment levels in the industry have fallen 7.5% over the last ten years Given the complexity of the processes and the constant need for innovation, the chemicals industry is research intensive ... volumes In the wake of the steep rises in oil prices in the 1970s, another opportunity arose for countries with a hitherto insignificant chemicals industry to enter the global market There was...

Ngày tải lên: 28/06/2014, 23:20

... particular form of behavior to the problem, • the feasibility of changing or maintaining the behavior, • whether the ideal behavior, or similar forms, already exist in the community concerned • The ... used The pickers’ social and legal status is low despite their contributions to the environment and their self-employment in the informal sector An NGO trained them in street theater which they ... they performed in their neighborhoods in order to rally for recognition and support Their research for the plays made them discover their own microcosm in a more analytical way Breaking the ‘culture...

Ngày tải lên: 28/06/2014, 23:20