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Chisom Obianozie
Chisom Obianozie

the restaurant business

EducationBusinessTechnology
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Chapter 17 Accounting, Finance, and Cost Control
After Reading and Studying This Chapter, You Should Be Able to: ,[object Object],[object Object],[object Object]
After Reading and Studying This Chapter, You Should Be Able to: ,[object Object],[object Object]
Accounting in the Hospitality Industry ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Uniform System of Accounting and Regulatory Agencies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Principles Established by Profession ,[object Object],[object Object],[object Object]
Types of Accounting ,[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Business Organizations ,[object Object],[object Object],[object Object]
Finance in the Hospitality Industry ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Financial Statements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Figure 17-1 Income Statement
Food and Beverage Cost Control ,[object Object],[object Object],[object Object],[object Object]
Cost Lowering Methods ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Food Cost Percentage Cost of Foods Sold Total Food Sales x 100
Beverage Cost Percentage Cost of Beverage Sold Total Beverage Sales x 100
Labor Costs Control ,[object Object],[object Object],[object Object],[object Object]
Labor Cost Percentage Total Labor Cost Total Sales Revenue
Other Operating Costs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Other operating Cost Percentage Total Other Operating Costs Total Sales Revenue
Trends ,[object Object],[object Object],[object Object]
Figure 17-2 Balance Sheet

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Chapter17