This report offers a comprehensive analysis of financial management and human resource practices at the Hilton Hotel. It begins with an introduction to financial transactions, principles of double-entry bookkeeping, and the need for accounting reports, including balance sheets, income statements, and cash flow statements. The report then delves into cost accounting, differentiating between direct, indirect, fixed, and variable costs. The second task examines talent acquisition and retention issues, including discrimination, workplace diversity, and satisfaction factors. It also covers relevant legislation like the Health and Safety Act, Equality Act, and Data Protection Act, along with the stages of the HR life cycle. The final task explores the interrelation of functional units, communication methods, and their effectiveness, concluding with recommendations for improvement. The report highlights the importance of financial management, HR strategies, and effective communication for the success and growth of the Hilton Hotel.
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