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About the Book:
This book explains the 'Three pillars' of financial analysis using simple examples and calculation methods.
The topics covering the concepts are:
a. Flow-through concept
Assessing business performance by using comparison and projections of prior data with the present. Understanding Profit flow and recovery of expenses in adverse business situations.
b. Full-Time Equivalent
Reveals staff productivity level and assist in payroll cost management, based on work-hour concept. A unique way to compare two or more business units under same parameters.
c. Break-even analysis
Attaining a point of 'no profit, no loss', for the events, promotions, planning and forecast. The applicability of 'Target profit analysis' is explained where the start-ups can work along with flexible cost structures.
About the Author:
A Chartered Accountant by education, a hotelier by profession, Ganesh Mathur has over 25 years of experience in the hospitality industry. The vast experience comes from years of working at the project stage, operational stage and also the pre and post opening of hotel & resorts for international brand hotels.
He likes to spend time training and educating his team and associates on financial concepts and processes. He understands this as a value addition to their career and it also helps smoothen the work processes of any organisation. Most people believe financial processes are complex, whereas once explained, it gives a fabulous result for accurate decision making. Analysing data, budgeting process, and forecasting can be anyone's metier who loves to learn the 'financial process'.
He blogs and can be contacted at 'www.hoteliersfinance.com'.