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Accounting

Financial Management for F&B Business #7 – Relationship between Expenses and Income with Assets and Owner’s equity

Orang berniaga salah satu tujuannya adalah untuk menjana pendapatan. Dalam masa yang sama, perbelanjaan turut berlaku dalam masa yang sama . Contoh mudah kedai makan dan restoran adalah perbelanjaan bahan-bahan mentah bagi penyediaan makanan untuk jualan. Pendapatan terhasil dari makanan yang disediakan. Wang tunai dan modal pemilik pula akan bertambah bila perniagaan menjana keuntungan.

ByNazri AhmadJune 18, 20210Comments

Accounting Accounting & Finance

Financial Management for F&B Business #6 – Accounting Equation

One of the important aspects of the accounting equation is assets, equity, and liabilities. With these assets, equity, and liabilities, the most basic accounting equation explains what the restaurant owns and what involves loans or debt.

ByNazri AhmadJune 18, 20210Comments

Accounting Accounting & Finance

Financial Management for F&B Business #5 – Business Transactions

Business transactions are of two (2) types: those involving cash exchange and those not involving cash.

ByNazri AhmadJune 18, 20210Comments

Accounting Accounting & Finance

Financial Management for F&B Business #4 – GAAPs

Generally Accepted Accounting Principles (GAAPs) are standards applied in accounting and financial management to ensure consistency in procedures and techniques for preparing financial statements.

ByNazri AhmadJune 17, 20210Comments

Accounting Accounting & Finance Featured

Financial Management for F&B Business #3 – Roles and Responsibilities

Let’s examine the financial management responsibilities in eateries and restaurants. These responsibilities need to be in place to ensure that financial information is provided accurately and within the specified time frame.

ByNazri AhmadMarch 28, 20200Comments

Accounting Accounting & Finance

Financial Management for F&B Business #2 – What is Financial Management?

For restaurant financial management, restaurant managers use financial information to manage daily operational activities. This is closely related to the revenue and profits earned, as well as daily expenditures. It’s about money coming in and going out.

ByNazri AhmadJanuary 22, 20200Comments

Accounting Accounting & Finance

Financial Management for F&B Business #1 – Introduction

Systematic financial management for a food and beverage (F&B) business aims to give us a comprehensive understanding of revenue, expenses, and profit. This data reflects the overall financial health of the business and involves accounting processes and procedures. Funny how we used to take accounting lightly in school, right?

ByNazri AhmadJanuary 20, 20200Comments

Learn . Unlearn. Relearn

Accounting

Financial Management for F&B Business #7 – Relationship between Expenses and Income with Assets and Owner’s equity

Financial Management for F&B Business #6 – Accounting Equation

Financial Management for F&B Business #5 – Business Transactions

Financial Management for F&B Business #4 – GAAPs

Financial Management for F&B Business #3 – Roles and Responsibilities

Financial Management for F&B Business #2 – What is Financial Management?

Financial Management for F&B Business #1 – Introduction

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Accounting

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