funbus

This is from the accounting system that is commonly used to support, inform and monitor the results of the judgements made by the managers of the H&T businesses.

• Operational

• Financial

• Statistics

• Cost

What are prepared from the accounting systems that enable managers to control, monitor and evaluate financial information.

• Tax returns

• Budget

• Reports

• Inventory

In Hospitality Business Cycle, _______may be prepared at anytime that summarizes the activities or events within each stage of the cycle.

• summaries
• analyses
• reports
• overviews

This presents the operating results or financial performance of the business over a specific period of time.

• Profits and loss

• Statement of Changes

• Cash Flow

• Balance Sheet

These are the Two main section of profit and loss :

• Sales and costs
• Income and expenditure
• Revenue and expenses
• Assets and liabilities

This is earned by selling goods or services to guests, customers or clients In the H&T.

• Cost
• Revenue
• Expense
• Profit

This is recorded as food sales, F&B sales,| Room sales, etc.

• Event sales
• Merchandise sales
• Revenue

• Service charges

These are Cost of goods or product that have been removed from the inventory and delivered to customers during the reporting period

• Gross Profit Margin
• Operating Expenses
• Inventory Valuation
• Cost of Goods Sold

This are the difference between revenue and cost of good sold.

• Total revenue
• Operating expenses
• Gross profit
• Net income

These are All expenses apart from COGS

• COGS

• Interest

• Income tax

• Expenses