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Wednesday, June 6, 2012

Cost and Financial Management for Hotels by Kumar, Daniel & Pagad

About the book
Though there are many books on ‘costing and financial management’, they are suitable for commerce or general management courses and are found to be very exhaustive. The students of Hospitality Management face the difficulty of getting their hands on to one book where they can get material that covers their syllabus. The book, Cost and Financial Management for Hotels, is an effort in this context to provide the students of Hospitality and Tourism Management to have one stop reference material for the paper on cost and financial management

About the authors
Prasanna Kumar J.P. is a Post Graduate in Commerce from Rani Durgavathi Vishwavidyalaya (Jabalpur University) with additional qualifications in Management Programme (IGNOU), such as PGDIM [MBA], PGD in Marketing Management, PGD in Human Resource Management, and PGD in Financial Management. He has done M.S. in Psychotherapy and Counselling from IPMS (Mumbai).Linda Nalini Daniel is currently working as a Lecturer in M.S. Ramaiah College of Hotel Management. She has done MBA with specialization in Finance and has also completed her M.Phil. She is currently pursuing her Ph.D in Bank Management from Alagappa University.Mruthyunjaya V. Pagad, an M.Phil and MBA, is currently working as Assistant Professor in M.S. Ramaiah College of Hotel Management.

Contents
Foreword
Preface 
PART 1—HOTEL COSTING
1. Introduction to Hotel Costing
2. Hotel Cost Sheet 
3. Inventory Management 
4. Menu Costing/Pricing 
5. Break-even (or Cost-Volume-Profit) Analysis 
6. Budgets 
7. Hotel Cost Ledgers 
8. Standard Costing 
PART 2— HOTEL FINANCE
9. Introduction to Hotel Financial Management 
10. Financing Decisions 
11. Investment Decisions 
12. Dividend Decisions 
13. Working Capital Management 
14. Cash Management 
15. Receivables Management 
16. Ratio Analysis 
17. Cash Flow Statement 
18. Fund Flow Statement 

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