FINANCIAL MANAGEMENT (MEANING & SCOPE)
FINANCIAL MANAGEMENT MEANING
Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It...
Net Present Value
What is ‘Net Present Value – NPV’
Net present value (NPV) is the difference between the present value of cash inflows and the present value...
Fruit & vegetable Displays
Fruit & vegetable Displays
Very attractive centre pieces can be made by carvings various shapes out of fruits and vegetables. Large pumpkins, melon and such vegetable...
Types of contract services
Contract Specification
It is essential that the executive housekeeper provides the service provider with a clearly defined and detailed specification of the work to...
Fund Flow Statement
CONCEPT OF “FUND’’:
The term ‘fund’ has been defined and interpreted differently by different experts. Broadly the term ‘fund’ refers to all the financial resources...
PLANNING OPERATIONAL BUDGET
PLANNING OPERATIONAL BUDGET: The first step in planning the operating budget is always to forecast room sales, which generates the revenue for operating the various...
Standard Operating manuals – Job procedures
Standard operating manuals-Job procedures
A job procedure specifies the way in which a task is to be performed. Job procedures should be used during induction...
Techniques of Financial Analysis
Techniques of Financial Analysis
Financial Analysis is defined as being the process of identifying financial strength and weakness of a business by establishing relationship between the...
INVENTORY
INVENTORY
Kitchen steward plays a very major role in the restaurant industry. You are, so to speak, the backbone of the industry, and without the...
WORKING CAPITAL MANAGEMENT
WORKING CAPITAL
The capital of a business which is used in its day-by-day trading operations, calculated as thecurrent assets minus the current liabilities. Working capital...
