BUSINESS FINANCES IN HOSPITALITY AND TOURISM Practicum in
Culinary Arts and Practicum in Hospitality Services
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Slide 3
Finances The way in which money is used and handled; especially
: the way in which large amounts of money are used and handled by
governments and companies 3 Copyright Texas Education Agency, 2015.
All rights reserved.
Slide 4
Business Transactions Business Charts and Graphs Financial
Services 4 Copyright Texas Education Agency, 2015. All rights
reserved.
Slide 5
Business Transactions 5 An economic event that initiates the
accounting process of recording it in a company's accounting system
Copyright Texas Education Agency, 2015. All rights reserved.
Slide 6
Point-of-Sale Systems A computerized system that can be used
to: Communicate between staff members Create reports Generate bills
Manage inventory Take orders Track revenue 6 Copyright Texas
Education Agency, 2015. All rights reserved.
Slide 7
Property Management Systems A computer software system that can
be used for: Accounting records Electronic key systems Guest
records Inventory Purchasing Receiving 7 Copyright Texas Education
Agency, 2015. All rights reserved.
Slide 8
Business Charts and Graphs A visual representation to present
data from evaluation activities Used to: Calculate expenses
Estimate profits for the business Forecast future trends 8
Copyright Texas Education Agency, 2015. All rights reserved.
Slide 9
Workplace Documents Cash flow projections Inventory Purchase
orders Tax forms Time sheets Work schedules 9 Copyright Texas
Education Agency, 2015. All rights reserved.
Slide 10
Property Management System 10 (click on link) Copyright Texas
Education Agency, 2015. All rights reserved.
Slide 11
Using the POS (Point Of Sale) System 11 (click on link)
Copyright Texas Education Agency, 2015. All rights reserved.
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Lets Review! 12 1. What do finances involve? 2. What type of
software system do most foodservice operations use? What does it
do? 3. Why type of software system do most hotels use? What does it
do? 4. How are business charts and graphs used in foodservice
industry? Copyright Texas Education Agency, 2015. All rights
reserved.
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13 Copyright Texas Education Agency, 2015. All rights
reserved.
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References and Resources Images: Shutterstock images. Photos
obtained with subscription. (Slides 3, 4, 5, 6, 7, 8, 9, 10, 11,
13) Textbooks: Culinary essentials. (2010). Woodland Hills, CA:
Glencoe/McGraw-Hill. Draz, J., & Koetke, C. (2014). The
culinary professional. Tinley Park, IL: Goodheart-Willcox Company.
Foundations of restaurant management & culinary arts. (2011).
Boston, MA: Prentice Hall. Reynolds, J. S. & Chase, D. M.
(2014). Hospitality services. Tinley Park, IL: Goodheart-Willcox
Company. Websites: Small Business Administration Learning Center
Online Training Introduction to Accounting This course is designed
to provide an overview of accounting.
https://www.sba.gov/tools/sba-learning-center/training/introduction-accounting
YouTube: Property Management System Patrick van der Wardt of iTesso
explains the Property Management System for the hospitality
industry.
https://www.youtube.com/watch?v=f-1DNK__25o&feature=youtu.be
Using the POS (Point Of Sale) System A brief tutorial of the basic
functions of the POS system used in the food service department at
Umpqua Community College. Topics include: clocking in/out,
inputting a customers order, closing a ticket & printing a
checkout (sales summary) report. https://youtu.be/rISyrnykrEw
Copyright Texas Education Agency, 2015. All rights reserved.
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