Hotel management. Managing finance

1. MANAGING FINANCE

HOTEL MANAGEMENT
MANAGING FINANCE

2. MANAGING FINANCE

U
Uniform
S
System
A
Accounts
L
Lodging
I
Industry

3. MANAGING FINANCE THE UNIFORM SYSTEM OF ACCOUNTS Basic Financial Statements

MANAGING FINANCE
THE UNIFORM SYSTEM OF ACCOUNTS
BASIC FINANCIAL STATEMENTS
THE BALANCE SHEET
THE EQUITY STATEMENT
THE STATEMENT OF INCOME
THE STATEMENT OF CHANGES
THE STATEMENT OF CASH FLOW

4. MANAGING FINANCE THE UNIFORM SYSTEM OF ACCOUNTS Sample Balance Sheet

MANAGING FINANCE
THE UNIFORM SYSTEM OF ACCOUNTS
SAMPLE BALANCE SHEET
Assets = Liabilities + Equity

5. MANAGING FINANCE THE UNIFORM SYSTEM OF ACCOUNTS Income Statement

MANAGING FINANCE
THE UNIFORM SYSTEM OF ACCOUNTS
INCOME STATEMENT
OPERATED DEPARTMENTS
UNDISTRIBUTED OPERATING
EXPENCED
FIXED CHARGES

6. MANAGING FINANCE THE UNIFORM SYSTEM OF ACCOUNTS Sample Income Statement

MANAGING FINANCE
THE UNIFORM SYSTEM OF ACCOUNTS
SAMPLE INCOME STATEMENT

7. MANAGING FINANCE RATIO ANALYSIS

LIQUIDITY RATIOS
• CURRENT RATIO
• ACCOUNTS RECEIVABLE TURNOVER
• AVERAGE COLLECTION PERIOD
SOLVENCY RATIOS
PROFITAVILITY RATIOS
• PROFIT MARGIN
• RETURN ON OWNERS EQUITY
• RETURN ON ASSETS
OPERATING RATIOS
• SOLVENCY RATIO
• DEBD-EQUITY RATIO
ACTIVITY RATIOS
• AVERAGE ROOM RATE
• OCCUPANCY PERCENTAGE
• REVENUE PER ROOM AVAILABLE
• ACTIVITY TURNOVER
• AVERAGE FOOD CHECK
• FIXED ASSETS TURN OVER
• FOOD COST PERCENTAGE

8. MANAGING FINANCE DAILY OPERATIONS REPORT (sample)

MANAGING FINANCE
DAILY OPERATIONS REPORT (SAMPLE)

9. MANAGING FINANCE DAILY OPERATIONS REPORT (sample)

MANAGING FINANCE
DAILY OPERATIONS REPORT (SAMPLE)

10. MANAGING FINANCE DAILY OPERATIONS REPORT (sample)

MANAGING FINANCE
DAILY OPERATIONS REPORT (SAMPLE)

11. MANAGING FINANCE DAILY OPERATIONS REPORT (sample)

MANAGING FINANCE
DAILY OPERATIONS REPORT (SAMPLE)

12. MANAGING FINANCE DAILY OPERATIONS REPORT (sample)

MANAGING FINANCE
DAILY OPERATIONS REPORT (SAMPLE)

13. MANAGING FINANCE DAILY OPERATIONS REPORT (sample)

MANAGING FINANCE
DAILY OPERATIONS REPORT (SAMPLE)

14. MANAGING FINANCE FORECASTING

15. MANAGING FINANCE OPERATIONS BUDGET Timetable

MANAGING FINANCE
OPERATIONS BUDGET
TIMETABLE
WHO
WHAT
WHEN
GENERAL MANAGER
CONTROLLER
DEPARTMENT HEADS
BUDGET PLANNING MEETINGS
OCTOBER 1-31
DEPARTMENT HEADS
PREPARATION OF DEPARTMENTAL
BUDGET PLANS
NOVEMBER 1-9
ACCOUNTING
CONSOLIDATION OF DEPARTMENAL
BUDGET PLANS
NOVEMBER 10 - 19
GENERAL MANAGER
CONTROLLER
PREPARATION OF THE GENERAL
MANAGER’S BUDGET REPORT
DECEMBER
OWNERS
REVIEW AND APPROVAL OF THE
GENERAL MANAGER’S BUDGET REPORT
DECEMBER

16. MANAGING FINANCE OPERATIONS BUDGET General Manager’s Budget Report

MANAGING FINANCE
OPERATIONS BUDGET
GENERAL MANAGER’S BUDGET REPORT
COMPETITION
ECONOMIC AND
POLITICAL
CONDITIONS
PROPOSED
CHANGES IN
OPERATIONS
EXTRAORDINARY
ITEMS
PERSONNEL
FACILITIES
RATES
CAPITAL
IMPROVEMENTS
CASH FLOW

17. MANAGING FINANCE OPERATIONS BUDGET Budget Planning Meetings

MANAGING FINANCE
OPERATIONS BUDGET
BUDGET PLANNING MEETINGS
REVIEW THE CURRENT YEAR’S
OPERATIONS
ANALYSE GENERAL BUSINESS
CONDITIONS
ANALYSE THE CURRENT COMPETITIVE
SITUATION
ANALYSE RATES
PROJECT OCCUPANCY LEVELS AND
GROSS SALES