Financial Management for Hospitality Decision Makers
By Chris Guilding

Index

A

Accounting, 9
Accounts payable management, 186 7
Accounting rate of return, 196
Accounts receivable, 68, 182 4
Accounts receivable ageing schedule, 183
Accounts receivable collection period, 68
Accounts receivable turnover, 68
Accrual accounting, 45
Accrued wages, 48
Accumulated depreciation, 55
Acid test ratio, 71
Adjusting entries, 44 56
Aging schedules, 183
Assets, 21 2

B

Bad debts, 52 3
Balance sheet, 21
Balance sheet equation, 22
Balanced Scorecard, 10
Behavioural aspects of budgeting, 126 30
Bottom up approach to setting room rates, 163
Break even analysis, 103 9
Budgetary participation, 128
Budgetary roles, 123 5
Budgets, 123 34

C

Capital budgeting, 196
Cash budget, 175 80
Cash management, 175 81
Contra accounts, 53, 55
Contribution, 101 3
Contribution margin, 101 3
Contribution pricing, 168
Cost centres, 118
Cost classifications, 84
Cost object, 83
Cost of sales, 13
Cost-plus pricing, 160
Cost-volume-profit analysis, 101 9
Closing entries, 44
Credit entry, 22
Creditors, 186
Credit management, 186 7
Current assets, 39, 71
Current liabilities, 39, 71
Current asset ratio, 71

D

Debit entry, 22
Debt financing, 72 4
Debt ratio, 72
Debt to equity ratio, 72
Depreciation, 54 6
Direct costs, 85
Discounting cash flows, 199
Discretionary cost, 118
Dividends, 38
Double-entry accounting, 32 8
Drawings, 38

E

Earnings per share, 70
Efficiency variance, 143 6
Elasticity, 159
Economic Order Quantity, 185
Equity, 21 2
Expenses, 22

F

Financial accounting, 9, 20
Financial management, 9
Fixed assets, 7, 36, 39
Fixed asset turnover, 69
Fixed costs, 7, 88
Flexible budgets, 140 2

G

Goal congruence, 119
Gross profit, 64, 67
Gross profit margin, 67

H

High-low method, 89
Hubbart formula, 163

I

Copyright Chris Guilding 2002 under license agreement with Books24x7
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