Finance and the Hospitality Industry

Copyright © 2007 by John Wiley & Sons, Inc. All rights reservedChapter 1Finance and the Hospitality IndustryCopyright © 2007 by John Wiley & Sons, Inc. All rights reservedChapter OverviewCourse SyllabusClass ObjectivesFinancial Challenges in the Hospitality IndustryCourse Overview and Chapter TopicsCopyright © 2007 by John Wiley & Sons, Inc. All rights reservedSyllabusText: Hospitality Financial Management by DeFranco and LattinMaterials: Texas Instruments BAII Plus CalculatorClass policiesAssignments and gradingCopyright © 2007 by John Wiley & Sons, Inc. All rights reservedClass ObjectivesRead, interpret, and analyze financial reportsManage working capital and profitsUnderstand the importance of growthKnow how to finance growthCopyright © 2007 by John Wiley & Sons, Inc. All rights reservedClass Objectives cont.Sources, types, and costs of capitalRisk, reward, and value creationInvestment analysisStructure and negotiate a new hospitality ventureCopyright © 2007 by John Wiley & Sons, Inc. All rights reservedHospitality Financial ChallengesLabor intensiveFluctuating sales volumeLow profitabilityCapital intensiveReliance on discretionary incomesA multi-faceted industryCopyright © 2007 by John Wiley & Sons, Inc. All rights reservedChapter TopicsChapter 12Tying It All TogetherChapter 2 Financial ReportingChapter 3 Analysis of Financial ReportsChapter 4 Managing Working Capital and ProfitsChapter 5 Growing the BusinessChapter 6 Financing GrowthChapter 7 Time Value of MoneyChapter 8 Investment AnalysisChapter 9 Hospitality Industry ApplicationsChapter 10 The Investment PackageChapter 11 Structuring and Negotiating the DealCopyright © 2007 by John Wiley & Sons, Inc. All rights reserved