Restaurant Financial Management

Hyung-il Jung, PhD, has been teaching at the Rosen College of Hospitality Management of the University of Central Florida since 2005. Before joining the Rosen College, he taught at Roosevelt University in Chicago. Throughout his academic career, he has been emphasizing for students the qualitative interpretation of quantitative data by teaching hospitality financial and managerial accounting, hospitality finance, and the feasibility studies. His interest in this line was developed during his days at Florida International University when he was studying for his master’s degree, after which he spent almost ten years in the industry to practice and cultivate his ideas further, working as a systems designer, an operations analyst, and the controller of a few nationwide foodservice companies that served convention centers and big sporting events, such as ball games, Winston Series Stock Car Races, and National Final Rodeo games. His industry career helped him advance his specialty of liaising between operators and the back of the house with structured assistance that combined accounting information and operational data. Dr. Jung earned his PhD degree from Virginia Tech.

The Role of Accounting in a Business. Adjusting Entries for Missing Information. Analyzing Business Progress Presented in the Financial Statements. Ratio Analysis: Advanced Tools to Analyze Business Performance. Cost Analysis and Control. Forecasting and Planning. The Concept of Cash and the Cash Flow Statement. Long-Term Projection of a Business. Risk, Return, and the Time Value of Money (TVM). Valuation of R&B Grill.