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Restaurant Financial Basics Paperback – Oct 2 2002

5 out of 5 stars 1 customer review

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Product Details

  • Paperback: 352 pages
  • Publisher: Wiley; 1 edition (Oct. 2 2002)
  • Language: English
  • ISBN-10: 0471213799
  • ISBN-13: 978-0471213796
  • Product Dimensions: 15.7 x 1.8 x 23.5 cm
  • Shipping Weight: 476 g
  • Average Customer Review: 5.0 out of 5 stars 1 customer review
  • Amazon Bestsellers Rank: #144,114 in Books (See Top 100 in Books)
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Product Description

From the Back Cover

The complete, practical guide to managing the business side of a restaurant

The success of a restaurant depends not only on great food and outstanding service, but also on sound financial management. Restaurant Financial Basics gives restaurant managers the financial knowledge and tools they need to understand, analyze, and report their restaurant's finances accurately-and use that data to help run the business effectively.

Written clearly and with a minimum of jargon, this down-to-earth guide focuses on the crucial information busy managers must know-for both day-to-day operations and long-term planning. It covers the full range of crucial basic accounting principles, including cash flow, pricing, budgeting, cost control, equipment accounting, and cash and revenue control. It completely demystifies the two most important financial statements for a restaurant business: the balance sheet and the income statement. Throughout, Restaurant Financial Basics offers valuable practical tools, including:
* Manager's Briefs that summarize critical accounting principles and practices
* Ready-to-use forms for record-keeping and accounting
* Easy checklists to help improve operations and planning
* Web site resources for fast, up-to-date access to further information

The Restaurant Basics Series provides restaurant owners and managers with expert advice and practical guidance on critical issues in restaurant operation and management. Written by leading authorities in their respective areas of expertise, these easy-to-use guides offer instant access to authoritative information on every aspect of the restaurant business and every type of restaurant-independent, chain, or franchise.

About the Author

RAYMOND S. SCHMIDGALL, PhD, CPA, is the Hilton Hotels Professor of Hospitality Financial Management at Michigan State University.

DAVID K. HAYES is the managing owner of the Clarion Hotel and Conference Center in Lansing, Michigan. He is the coauthor of Restaurant Law Basics and Food and Beverage Cost Control, Second Edition, both published by Wiley.

JACK D. NINEMEIER, PhD, is a professor at Michigan State University.

Inside This Book

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First Sentence
In this chapter you will begin the study of procedures to effectively manage and document your restaurant's finances. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Top Customer Reviews

By A Customer on Oct. 10 2002
Format: Paperback
This book provides confidence for people out here (like myself) that are considering starting their own business. No other texts on the subject have covered the pertinent issues as comprehensively as I would have liked. Very information and truly helpful.
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Most Helpful Customer Reviews on (beta) HASH(0xa499966c) out of 5 stars 17 reviews
20 of 20 people found the following review helpful
HASH(0xa4bfc42c) out of 5 stars Restaurant Financial Basics March 18 2009
By Willy Huang - Published on
Format: Paperback Verified Purchase
I have read a few titles in regard to restauarnt management and start up to fine tune my restaurant management know how to better my odds at this cut throat industry. After going thorugh this book, it gave some really good insight, and more importantly knowing the numbers really helped provide substance for the strategy and management mantra from other reading. This is more like a textbook, so it is not for everyone, but for what the authors set out to achieve - Restaurant Finacial Basic it is pretty spot on.
To improve, I will suggest some simple but intersting case study to supplement, this will really engage the reader and tied up the teaching in the book nicely.
32 of 35 people found the following review helpful
HASH(0xa4bfc834) out of 5 stars Highly recommendable March 10 2006
By Pablo Montaldo - Published on
Format: Paperback
I used this book to teach financial management of restaurantes to pupils in a culinary school. It was very usefull and I highly recommend it, especially the chapter where you find the different forms of calculating the price of a dish.
37 of 46 people found the following review helpful
By A Customer - Published on
Format: Paperback
This book provides confidence for people out here (like myself) that are considering starting their own business. No other texts on the subject have covered the pertinent issues as comprehensively as I would have liked. Very information and truly helpful.
7 of 8 people found the following review helpful
HASH(0xa4bfca08) out of 5 stars Great Basic Accounting Information Dec 10 2012
By XngVue - Published on
Format: Paperback
I am 19-years-old, and am part-owner of a privately owned restaurant. I do not have any professional background knowledge whatsoever of accounting, but I am self teaching through books and advice from other professionals along the way. I bought this book in high hopes that it will at least introduce me to Accounting, specifically towards restaurant accounting and which it has. This is a great book for beginners, simple enough to understand, love how the author defines the terminology and how he gives examples, especially when it comes to the financial statements. I am a person who needs details and cannot miss the details or else I will not understand what I am trying to learn. I plan to go back to school to get my Bachelor's of Business Administration, concentrating in either Accounting or Marketing and Advertising to further my education in business, and would like to help open up a chain of restaurants hopefully in the next couple of years. No doubt, I will be referencing back towards this book and even as I gain more knowledge through classes.
6 of 7 people found the following review helpful
HASH(0xa42ba978) out of 5 stars Great Book! April 24 2011
By Junabelle - Published on
Format: Paperback Verified Purchase
I am a culinary student who is working in the industry. Being in culinary school also requires management courses other than cooking classes so any helpful textbook that relates to the real world helps. I am not that great with math and this book breaks down profit and loss statements. (Formulas and all) It reads like a text book because well, it's a text book! (It's easy to follow) I definitely plan on using the book as a reference as a future manager/owner in the industry.