- 282 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
About this book
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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15:
Using
computer
spreadsheets
227
OUTPUTS:
12000
-96000
Contribution
per
unit
7.00
14000
-82000
16000
-68000
Sales
revenue
300000
18000
-54000
Total
Variable
costs
90000
20000
-40000
Total
contribution
margin
210000
22000
-26000
Fixed
Costs
180000
24000
-12000
Operating
profit
30000
26000
2000
28000
16000
Total
costs
270000
30000
30000
32000
44000
BEP
in
units
25714
34000
58000
MoS
in
units
4286
36000
72000
Figure
15.8:
Illustrative
data
table
showing
sales
volume
and
associated
operating
profit
As
discussed
earlier,
one
of
the
features
of
using
spreadsheets
is
the
ability
to
look
at
data
both
numerically
and
in
graphical
form.
The
information
from
this
data
table
is
readily
transferred
using
an
X-Y
scaer
graph
to
give
us
a
profit
and
loss
chart
–
see
Figure
15.9.
This
is
a
quick
tool
to
use,
which
gives
us
useful
information
to
aid
management
routine,
day-to-day,
decision
making.
Figure
15.9:
Illustrating
a
profit
and
loss
chart
generated
from
data
in
Figure
15.8.
Table of contents
- ProfitFront.pdf
- 9781908999627.pdf
- ProfitBack.pdf
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Yes, you can access Profit Planning by Peter Harris in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over 1.5 million books available in our catalogue for you to explore.