Chapter 1 week 1 - Course Year V0402 Hotel Financial Management 01 February 2011 Introduction Session 1 Objectives The Role of Finance in the

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Introduction Session 1 Course : V0402 – Hotel Financial Management Year : 01 February 2011
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Objectives The Role of Finance in the Hospitality Organization Perspectives on Decision Making Performance-Based Managerial Compensation Packages Boards of Directors Threat of Takeover The Goal of Hospitality Financial Management An Overview of the Determinants of Owners’ Value – The Minimum Value of V o [DIV] t – The Maximum Value of V o [DIV] t – The Most Likely Value of V o [DIV] t
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The Role of Finance in the Hospitality Organization The finance function involves two general areas: the raising of funds, sometimes called the financing decision, and the allocation of funds, sometimes called the investment decision. Perspectives on Decision Making You can think of the hospitality firm as comprising a number of areas or constituencies: food production, sales and marketing, accounting, finance, rooms, managers, employees, guests, customers, and so forth. Each of these areas or groups will have a certain perspective on
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This note was uploaded on 06/06/2011 for the course HOTEL MANA 101 taught by Professor Ms. during the Spring '10 term at Bina Nusantara University.

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Chapter 1 week 1 - Course Year V0402 Hotel Financial Management 01 February 2011 Introduction Session 1 Objectives The Role of Finance in the

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