Managerial Accounting Book

	Introduction
	A Message from the National Restaurant Association Educational Foundation
	Acknowledgments
	Features of the NRAEF ManageFirst Competency Guides
	Tuning In to You
	Professional Profile
Chapter 1	Managing Cash at the Operation
	The Importance of Monitoring	2
	Calculating Guest Checks	3
	Processing Payment from Guests	4
	Cash Register Reconciliation	12
	Preparing Bank Deposits	13
Chapter 2	Managing Payables and Receivables
	Accounts Payable	20
	Accounts Receivable	24
Chapter 3	Exploring Costs
	Controllable and Noncontrollable Costs	32
	Fixed, Variable, and Semivariable Costs	34
Chapter 4	Preparing the Operating Budget
	What Is an Operating Budget?	40
	Forecasting Sales Revenue	41
	Forecasting Costs	42
	Putting It All Together	49
Chapter 5	The Profit and Loss Report
	What Is a Profit and Loss Report?	56
	Preparing Profit and Loss Reports	57
	Analyzing Profit and Loss Reports	59
Chapter 6	Introduction to Cost Control
	The Cost Control Process	66
	A Closer Look at Costs	70
Chapter 7	The Capital Budget
	What Is a Capital Budget?	82
	Preparing a Capital Budget	83
	Outlining Capital Spending Plans and Timelines	87
	Field Project	93
	Index	95