Investment appraisal

Aimed at non-accountant hospitality managers, this book provides a comprehensive overview of the most relevant accounting techniques and information for hospitality managers. Topics include: analysing transactions and preparing year-end financial statements; financial statement analysis; internal control; cost management issues; budgeting and responsibility accounting; flexible budgeting and variance analysis; performance measurement; cost information and pricing; working capital management; investment decision-making and revenue management.

An introductory text for managers and non specialists who wish to gain an overview of accounting. Includes chapters: financial record keeping; income statements; the balance sheet; further adjustments to the income statement; checking the double-entry system; accounting concepts; accounting for other business organisations; an introduction to business costing; marginal costing and decision making; standard costing; budgeting; working capital management; capital investment appraisal; an introduction to limited companies; published accounts of the limited company; accounting standards; statement of cash flows; accounting ratios; and the economic environment.

This book, which is aimed at students, provides an overview of a number of key trends and developments in corporate finance. Includes sections on the valuation of future cash flows, capital budgeting, risk and return, and cost of capital and long-term financial policy.

This guide presents a comprehensive and applied approach to assessing capital investment proposals, and the methods that can be used to help business develop and appraise proposals and achieve optimal outcomes. It is written for managers and senior managers involved in the approval of capital investment proposals, as well as financial controllers looking for a system to help ensure better investment decisions.