Mastering Budgeting and Forecasting

Description

On your journey of financial education, you have to visit several countries before you can claim to have a firm grasp on how exactly a company as a whole is managed. Welcome to the world of budgeting and forecasting! Whether you’re studying this in an academic context, or you already have years of experience in the hospitality industry, this book will help you achieve a firm understanding of this important and interesting accounting activity.

Right now, you probably think of these tasks as a little abstract and impractical. Like most financial chores, they do indeed take place mostly behind the scenes. Those in the know can easily observe their effects, though: they play an absolutely critical role in the success of any hotel, restaurant, or other enterprise in the hospitality sector.

As mentioned, we’d like you to treat the pages of this comprehensive guide as a journey of knowledge....

About the Author

Manish Gupta embarked on his professional journey after successfully completing his CPA, where he delved into the world of consulting firms. These early experiences served as a solid foundation, instilling in Manish the confidence and profound understanding of financial processes, operational intricacies, and management controls.

Soon, Manish found himself at the esteemed Shangri-La Hotels and Resorts, assuming the role of Assistant Financial Controller. Here, he fully immersed himself in the art of financial planning and analysis, adeptly managing controlling tasks, conducting monthly forecasting, and meticulously crafting annual budgets. The hospitality industry, known for its dynamism and rapid changes, presented unique challenges, compounded by political instability, shifting market dynamics, and changes in management. Yet, Manish fearlessly navigated these complexities, honing his skills and expertise in the planning process.

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