A Comprehensive Guide to Accounting in the Hospitality Industry

Managing payables involves tracking and paying bills to suppliers, service providers, and vendors. On the other hand, receivable management includes invoicing guests and tracking payments for room stays, events, hotel accounting and services. Timely management of payables and receivables maintains healthy cash flow and vendor relationships. Another challenge lies in the diverse range of revenue … Dowiedz się więcej

Part-Time MBA concentration in Accounting

This can boost both your performance in your current position and your career opportunities moving forward. That’s why you shouldn’t count out a mater of business administration, even if you work in accounting. Major firms like Deloitte, Ernst & Young, and PricewaterhouseCoopers along with local and regional firms regularly recruit for MBA holders specializing in … Dowiedz się więcej

Chapter 2 7® Balance Sheet Presentation of Bond Discount Long Term Liabilities & Amortizing a Bond Discount

However, if the market rate is higher than the contract rate, the bonds will sell for less than their face value. Thus, if the market rate is 14% and the contract rate is 12%, the bonds will sell at a discount. Investors are not interested in bonds bearing a contract rate less than the market … Dowiedz się więcej

Cash flow from assets definition

Cash flow measures the money moving in (inflows) and out (outflows) of a business. It represents all the cash available for operating expenses, investments, and financing activities. For investors, the CFS reflects a company’s financial health, since typically the how to calculate cash flow from assets more cash that’s available for business operations, the better. Sometimes, a … Dowiedz się więcej

How to calculate average inventory?

For the weighted average, you average all of the inventory you purchased during a period of time, and assign a value to your remaining inventory based on the average. To meet your goal, you could work on restocking your shelves more quickly after a sale to keep inventory moving. You might also decide to run … Dowiedz się więcej