Hotel Financial Management: 2nd Edition

Author: Ma Runhong
Publisher:
Publish Date: 2003-01-01
Features: The book's feature is to cultivate students' financial literacy rather than train them for specific roles in the finance department. This textbook is specifically designed for tourism vocational college students who aspire to become middle-level or senior management in hotels (positions above department manager). Therefore, while introducing financial management methods, it also emphasizes discussing their role, position, and application principles in overall hotel management. It pays attention to the integration of financial management with other business management, covering a wide range of topics. Following the teaching principles of modern higher education—"broad specialization and solid foundation"—and considering the practical needs of vocational education, the book ensures ease of understanding and learning while exploring a broad scope. It breaks the conventional format of previous financial management textbooks as part of finance-related curricula, addressing various aspects such as corporate systems, accounting information, financial analysis, asset management, different hotel investment methods, various financing options, dividend distribution, budget control, cost management, forecasting and decision-making, modern management, as well as relevant financial and tax knowledge.