What is the information in the hotel's financial report?

Hotel Financial Report is a document that provides information about the revenue and expenditure of the hotel in the last fiscal period. Since these reports are generally issued annually, they are also known as annual reports, as well as financial statements or account statements. These reports are often issued to shareholders and are very common in publicly owned hotels; Private hotels can publish a financial report at the hotel, but often sees less circulation. The total content of the report varies depending on several factors, but most of them have a detailed revenue and expenditure schedule compared to previous years. Publicly available messages will have a section that basically reads as an advertisement for a hotel. He tells how amazing everything is, and downplay any negative aspects of the previous year. These sections will usually have small facts, for example, how many guests remained in the Thotel Hotel per year, but these facts are usually more fun than business purposes. The private financial report at the hotel often misses this section.

The financial situation statement is generally the first important part of the report. This part is a miniature that shows the foundations of the financial situation of the hotel. Summarizes assets, debts, dividends, etc. These numbers are generally placed next to numbers from previous years. This allows readers to find out whether the overall trend is transmitted.

Another common part of the financial report of the hotel is a statement of comprehensive income, often referred to as a profit and loss statement. In many ways, this is the same information in the statement of the financial situation; It's much more detailed. Where the summary shows the number, this part translates this number into it. This shows the exact where the money enters and leaves the hotel.

Another command when changing your own capital comes. This part talks directly about ownership of its own capital in the hotel and what caused it to go up or down during the period. This is a part that often highlightsIt branches why shareholders earned or lost money with the hotel during the year. This part usually provides a final dividend value for shares payments.

The last section is a statement of cash flows. This part of the hotel's financial report speaks of money spent internally with the hotel. If money or assets were shuffled on the basis of an organization need, this part will show when and why. This part of the financial statements also divides any internal reorganization that could have occurred, which did not have an overall impact on profits or losses.