Accounting and Finance for Managers Assessment-
Assessment 1 Portfolio 1: Individual Case Study (2000 words)
"Accounting is the language of money that helps people make better business decisions."
One of the responsibilities of a future leader in Hospitality and Tourism is to report accurate financial statements within predetermined deadlines while minimizing disruption to your company and staff. Choose one multinational hotel group for the focus of your Case Study.
Apply Accounting decision-making concepts with your company to structure your Report:
1. Discuss the important issues in determining financial and management reporting requirements.
2. Assess who are the important groups to liaise with if there are any reporting issues.
3. Evaluate how you would plan to ensure that deadlines are met and all reporting issues are resolved.
Assessment 1 Portfolio 2: Group CVP/Budget Report (2000 words)
Managers frequently use CVP Analysis and Budgeting to screen business plans by evaluating a firm's cost structure and sales volume needed to generate profit. Mountain Views Hotel is planning to open a "Boutique Hotel" accommodation in the Blue Mountains area that runs a Food and Beverage operation serving breakfast as part of the guest experience. Your team is expected to develop a successful business plan including making recommendations for improvement in future years. The Report will be written as if it were being presented to potential investors in the business. Use the Balanced Score Card approach to present key assumptions and justify them by research and analysis undertaken.
Discuss critically key results that would impact on your future decision-making including a fully supported explanation of how you could improve this business by making any changes. Make recommendations to the proposed investors including ideas for the next steps to
progress the business concept. Prepare your analysis as an authentic business report using format guidelines below; please refer to CALS for more information.