Hospitality Financial Management 1st Edition by Agnes L. DeFranco (Author), Thomas W. Lattin (Author)

Description

Real-world advice for quick retention of the most importantbusiness concepts and skills of hospitality finance Hospitality Financial Management provides astraightforward, practical approach to help the hospitality managereffectively analyze hospitality industry management reports andfinancial statements; prepare accurate business forecasts,strategic pricing models, and effective cost-control systems;manage working capital; develop and finance growth strategies;perform investment analysis; prepare investment packages; negotiateand structure business deals; and ultimately increase shareholdervalue and personal wealth.This comprehensive how-to book includes:Feature Stories–brief histories of famous hospitality leadershighlighting how they have used financial management skills toattain success for their companies and significant financialrewards for themselvesLearning Outcomes–a summary of key topics covered in eachchapterFinance in Action–scenarios that apply the concepts, skills,and techniques presented in the chapter to real-world situations. Astep-by-step solution is provided for each problem to walk thereader through the necessary financial calculationsThe Real Deal–boxed inserts that emphasize the relevance ofthe book by linking financial concepts to fun facts associated withsituations students either have or will encounter in their everydaylivesConcept Checks–case studies that reinforce the materialspresented and enable students to practice their analytic andproblem-solving skillsHospitality Financial Management is the perfect book forundergraduate and graduate hospitality management students,hospitality industry managers, and owners of small hospitalitybusinesses. Read more

From the Back Cover Real-world advice for quick retention of the most importantbusiness concepts and skills of hospitality financeHospitality Financial Management provides astraightforward, practical approach to help the hospitality managereffectively analyze hospitality industry management reports andfinancial statements; prepare accurate business forecasts,strategic pricing models, and effective cost-control systems;manage working capital; develop and finance growth strategies;perform investment analysis; prepare investment packages; negotiateand structure business deals; and ultimately increase shareholdervalue and personal wealth.This comprehensive how-to book includes:Feature Stories—brief histories of famous hospitalityleaders highlighting how they have used financial management skillsto attain success for their companies and significant financialrewards for themselvesLearning Outcomes—a summary of key topics covered in eachchapterFinance in Action—scenarios that apply the concepts,skills, and techniques presented in the chapter to real-worldsituations. A step-by-step solution is provided for each problem towalk the reader through the necessary financial calculationsThe Real Deal—boxed inserts that emphasize the relevanceof the book by linking financial concepts to fun facts associatedwith situations students either have or will encounter in theireveryday livesConcept Checks—case studies that reinforce the materialspresented and enable students to practice their analytic andproblem-solving skillsHospitality Financial Management is the perfect book forundergraduate and graduate hospitality management students,hospitality industry managers, and owners of small hospitalitybusinesses. About the Author Agnes DeFranco is a Professor of Finance and Accounting atthe Conrad N. Hilton College of Hotel and Restaurant Management atthe University of Houston. Her research areas are hospitalityfinance, cost control, accounting, and cultural and diversityissues. She has been recognized with the Dean’s Award forExcellence in Applied Research. She is also the 2006–2007President of the Hospitality Financial and TechnologyProfessionals, an international professional association formed in1952 with over 4,600 members worldwide. Thomas Lattin is a CPA who has earned partner status withthree international hospitality accounting/consulting firms andserved as president of a national hotel management company as wellas president of a publicly traded hotel real estate investmenttrust. He is currently the Sir Rocco Forte Executive in Residenceat the Conrad N. Hilton College at the University of Houston andManaging Director of Lattin & Associates, a managementconsulting firm.

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