Hospitality Business Toolkit: Report

Hospitality Business Toolkit

Table of Contents
INTRODUCTION...........................................................................................................................1
Scenario 1.........................................................................................................................................1
Lo1...................................................................................................................................................1
Managing and monitoring financial performance........................................................................1
Particulars of Journal entries and Ledger Accounts....................................................................1
Preparation of Trial Balance for ABC Catering as on 31 may 2019...........................................7
Scenario 2.........................................................................................................................................7
LO2..................................................................................................................................................7
Review and evaluate the importance of the different stages of the HR life cycle.......................7
stages of the HR life cycle to develop a performance management plan....................................8
Make recommendations on how human
resource's processes can be improved to develop your employees and reduce the staff turnover.
......................................................................................................................................................9
LO3................................................................................................................................................10
Legislation for Hospitality Industry along with impact of employment act and contract law on
business......................................................................................................................................10
LO4................................................................................................................................................11
Critically analyse different methods of communication, coordination and monitoring between
different functional roles............................................................................................................11
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
The hospitality industry is serve the best services to the guest it describes the relationship
between guest and a host. It is a broad category of fields within the service industry that contains
lodging, food and drink service, event planning, theme parks, transportation, cruise line,
travelling and additional fields within the tourism industry.
The present report is based on hospitality business toolkit on ABC catering ltd. Thus,
report will cover the various activity such as importance of the different stages of the HR life
cycle, apply the life cycle in the business to reduce the staff turnover, provide the
recommendation that how to reduce the staff turnover.
Moreover, report will describe the financial record to minimizing the cost. Furthermore,
report will explain the different legislation that helps to make the best decision to manage the
employees. Lastly, report will describe the roles and importance of different functional units.
MAIN BODY
Scenario 1
Lo1
Managing and monitoring financial performance.
For every business organization, it is very much important to evaluates its own business
as well as financial performance at proper time period. It will help company in assessing any
non-compliances made, error or mistakes done and different measures which can help ABC
Catering in improving the overall business as well as employees performance. Also, it will help
the shareholders and other stakeholders having stake in the company will be able to get
information about company financial as well as solvency position.
Particulars of Journal entries and Ledger Accounts.
Journal entry
1

General Ledger Account
1. Cash Account
Cash Account
Dr. Cr.
Date Particulars F Amount (in £) Date Particulars F
Amount (in
£)
2019 2019
01/05/19 To Capital A/c 30000 02/05/19 Store Rent A/c 1000
10/05/19 Sales A/c 20000 03/05/19
Washers and
dryers A/c 10000
11/05/19 Sales A/c 13000 04/05/19
Insurance policy
A/c 1200
06/05/19 Laundry fees A/c 200
2