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Restaurant Financial Basics / by 3G E-Learning

By: Contributor(s): Material type: TextTextPublication details: New York, NY : 3G E-Learning, 2022Description: xiii, 325 pages : color illustrations ; 26 cm + 1 DVD 4 3/4 inISBN:
  • 9781984659460
Subject(s): DDC classification:
  • 647.95086 T41 2022
Contents:
Chapter 1 Introduction to Financial Management. Chapter 2 Debits and Credits-The Mechanics of Accounting. Chapter 3 The Balance Sheet. Chapter 4 The Income Statement. Chapter 5 Cash Flow. Chapter 6 Pricing for Profits. Chapter 7 Accounting Aspects of Food and Beverages Control Index.
Summary: "One of the most effective tools any restaurant has is the ability to track food and beverage sales on daily basis. A daily business review can help analyze sales trends, payroll costs, customer counts, and predict future sales. More than half the restaurants that open fail in their two years of service. This is a known fact in the restaurant industry +and one of the main reasons the industry is so feared by new entrepreneurs. While it is true that the restaurant space is ruthless, there are still those who open up and not just survive the business but also lead the industry. What enables them to do it? While multiple factors contribute to the success of a restaurant, managing the restaurant finances the right way is a significant reason behind it. Most restaurants lack an excellent financial management system. Usually, first-time restaurateurs are so focused on arranging the capital for opening a restaurant that they forget about the working capital, that is, the money that would sustain the business, until the restaurant reaches its break-even and starts generating profit. This book is designed to provide a basic overview of the operation of a restaurant from a financial perspective. The book presents understanding of the basics of financial management for food service, how restaurants create budgets, manage expenses, pay employees and more." --Provided by the Publisher.
List(s) this item appears in: Hospitality Management (2024), Bachelor of Science in | Management Accounting, Bachelor of Science in
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Item type Current library Call number Status Barcode
Books Books Foundation University Library Circulation Circ 647.95086 T41 2022 (Browse shelf(Opens below)) Available 63085

Tables.

"Full Color Book plus DVD"
"Over 100 hours Interactive E-lectures, Quiz and Videos in DVD"
"DVD has many useful features for teachers to teach with digital resources in classroom" --On Cover

Includes bibliographical references and index.

Chapter 1 Introduction to Financial Management.
Chapter 2 Debits and Credits-The Mechanics of Accounting.
Chapter 3 The Balance Sheet.
Chapter 4 The Income Statement.
Chapter 5 Cash Flow.
Chapter 6 Pricing for Profits.
Chapter 7 Accounting Aspects of Food and Beverages Control
Index.

"One of the most effective tools any restaurant has is the ability to track food and beverage sales on daily basis. A daily business review can help analyze sales trends, payroll costs, customer counts, and predict future sales. More than half the restaurants that open fail in their two years of service. This is a known fact in the restaurant industry +and one of the main reasons the industry is so feared by new entrepreneurs. While it is true that the restaurant space is ruthless, there are still those who open up and not just survive the business but also lead the industry. What enables them to do it? While multiple factors contribute to the success of a restaurant, managing the restaurant finances the right way is a significant reason behind it. Most restaurants lack an excellent financial management system. Usually, first-time restaurateurs are so focused on arranging the capital for opening a restaurant that they forget about the working capital, that is, the money that would sustain the business, until the restaurant reaches its break-even and starts generating profit.

This book is designed to provide a basic overview of the operation of a restaurant from a financial perspective. The book presents understanding of the basics of financial management for food service, how restaurants create budgets, manage expenses, pay employees and more." --Provided by the Publisher.

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