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Hotel Analysis

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Ervin D

 

Date added:

October 31, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 316

 

Was viewed:

9495 times

 

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Essay content:

General managers and other users of financial statements will find that the SCF, with its focus on cash, will be more useful than the obsolete SCFP, because the SCFP could be prepared based on either cash or working capital. Unlike the SCFP, the SCF shows cash flows related to the hotel's three major financial activities: operations, investing, and financing...
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Unlike the SCFP, the SCF shows cash flows related to the hotel's three major financial activities: operations, investing, and financing. The segregation of cash flows by activity allows the general manager to see the major sources and uses of cash for the hotel. Since the major purpose of virtually all hospitality businesses is the generation of net income and related cash flow, the SCF is vital to a manager's understanding of the relationship between the two...
displayed 300 characters

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