tailieunhanh - Lecture Hospitality financial management: Chapter 1 - DeFranco, Lattin

Chapter 1 - Finance and the hospitality industry. In chapter 1, we find an explanation of the financial challenges hospitality industry faces along with the chapter topics covered in the book. This chapter gives an overall view of the key concepts introduced in each chapter. | Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Chapter 1 Finance and the Hospitality Industry Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Chapter Overview Course Syllabus Class Objectives Financial Challenges in the Hospitality Industry Course Overview and Chapter Topics Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Syllabus Text: Hospitality Financial Management by DeFranco and Lattin Materials: Texas Instruments BAII Plus Calculator Class policies Assignments and grading Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Class Objectives Read, interpret, and analyze financial reports Manage working capital and profits Understand the importance of growth Know how to finance growth Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Class Objectives cont. Sources, types, and costs of capital Risk, reward, and value creation Investment analysis Structure and negotiate a new hospitality venture Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Hospitality Financial Challenges Labor intensive Fluctuating sales volume Low profitability Capital intensive Reliance on discretionary incomes A multi-faceted industry Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Chapter Topics Chapter 12 Tying It All Together Chapter 2 Financial Reporting Chapter 3 Analysis of Financial Reports Chapter 4 Managing Working Capital and Profits Chapter 5 Growing the Business Chapter 6 Financing Growth Chapter 7 Time Value of Money Chapter 8 Investment Analysis Chapter 9 Hospitality Industry Applications Chapter 10 The Investment Package Chapter 11 Structuring and Negotiating the Deal Copyright © 2007 by John Wiley & Sons, Inc. All rights . | Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Chapter 1 Finance and the Hospitality Industry Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Chapter Overview Course Syllabus Class Objectives Financial Challenges in the Hospitality Industry Course Overview and Chapter Topics Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Syllabus Text: Hospitality Financial Management by DeFranco and Lattin Materials: Texas Instruments BAII Plus Calculator Class policies Assignments and grading Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Class Objectives Read, interpret, and analyze financial reports Manage working capital and profits Understand the importance of growth Know how to finance growth Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Class Objectives cont. Sources, types, and costs of capital Risk, reward, and value creation Investment analysis Structure and negotiate a new hospitality venture Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Hospitality Financial Challenges Labor intensive Fluctuating sales volume Low profitability Capital intensive Reliance on discretionary incomes A multi-faceted industry Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Chapter Topics Chapter 12 Tying It All Together Chapter 2 Financial Reporting Chapter 3 Analysis of Financial Reports Chapter 4 Managing Working Capital and Profits Chapter 5 Growing the Business Chapter 6 Financing Growth Chapter 7 Time Value of Money Chapter 8 Investment Analysis Chapter 9 Hospitality Industry Applications Chapter 10 The Investment Package Chapter 11 Structuring and Negotiating the Deal Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved