Accounting and Finance for the International Hospitality Industry

Part 1 Financial analysis: performing measures used in hotel companies; the prediction of financial failure in hotels; labour recruitment and turnover costs in hotels. Part 2 Financial planning: statistical cost estimation and prediction hotels; risk analysis in capital investment decision making for the hospitality industry; financial strategy formulation; management accounting in hotel groups. Part 3 Financial information and control: identifying manager's information needs in hotel companies; behavioural issues in hotel management control systems; the use of accounting information in hotel marketing decisions. Part 4 Financial management: the hotel financial controller - a member of the management team; financial management in an international environment; financial implications of hotel management contracts; hotel profitability - critical success factors.