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Books > Business & Economics > Finance & accounting
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Profit Planning - For hospitality and tourism (extended edition) (Paperback, extended edition with major new section Step-by-Step: Quantitative analysis of cost functions in hotels & restaurants)
Loot Price: R1,003
Discovery Miles 10 030
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Profit Planning - For hospitality and tourism (extended edition) (Paperback, extended edition with major new section Step-by-Step: Quantitative analysis of cost functions in hotels & restaurants)
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Profit Planning is ideal for practicing managers, entrepreneurs,
accountants and financial controllers engaged in the hospitality
and tourism sectors and for students of hospitality and tourism
management interested in applying theory to practice. In
particular, the content provides a complete guide to key managerial
accounting techniques at the property level - the "cutting-edge" of
day-to-day business decisions. This extended edition includes: *
New bullet point format, allowing the reader to 'dip into' specific
methods and techniques; * New research & developments
applicable to practitioners at the property (business unit) level;
* New chapters, such as cost structure, incorporating the author's
profit planning framework implemented in numerous hotel and tourism
organisations; * A new chapter on comparing & benchmarking
performance for monitoring results against competitive set; * A new
chapter on customer profitability analysis for identifying customer
profiles in terms of profit contributors and loss-makers; *
Extensive revision of chapters, such as financial statements,
flexible budgets and pricing; * Revised edition now includes a
major new section Step-by-Step: Quantitative analysis of cost
functions in hotels & restaurants. A concise guide to improving
the accuracy of cost estimates for routine competitive bidding and
transaction negotiation, where lost margins lie; enabled by
software e.g. Excel. An essential tool for all those in industry.
Written in a user-friendly style, with a minimum of theory and
technical jargon, it assumes readers already have a basic knowledge
of accounting and financial statements.
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