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Hnd Hospitality Management Assignment 2

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ASSIGNMENT COVER SHEET

Contents

Summary…………………………………………………………………………………………… 2

Introduction………..………….…………………………………………………………………… 2

1.0 Sources of funding and income generation for businesses and service industries.... 3

2.1 review sources of funding available to business and services industries……...…… 3 2.2 evaluate the contribution made by a range of methods of generating income within a given business and services operation ……….……………………. 4

2.0 Business in terms of the elements of cost….……….……………………………………… 5

3.3 discuss elements of cost, gross profit percentages and selling prices for products and services ………………………………………………………………. 5 3.4 evaluate methods of controlling stock and cash in a business and services environment……………………………………………………………………. 6

3.0 Evaluate business accounts…………………………………………………………………… 7

4.5 assess the source and structure of the trial balance………………………………… 7 4.6 evaluate business accounts, adjustments and notes……………………………….. 10 4.7 discuss the process and purpose of budgetary control………...…………………… 14 4.8 analyse variances from budgeted and actual figures, offering suggestions for appropriate future management action………………….…………. 15

4.0 Analyse business performance by the application of ratios………………….………… 16

5.9 calculate and analyse all ratios to offer a consistent interpretation of historical business performance……….……………………………….………….. 16 5.10 recommend appropriate future management strategies for a given business and services operation….……………………………………….………….. 21

5.0 Apply the concept of marginal costing………………………………………….………….. 22

6.11 categorise costs as fixed, variable and semi-variable for a

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