Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
LO1..................................................................................................................................................3
Principles which are used in managing and monitoring finance related performance...............3
Double entry book-keeping system that records all the sales and purchases of a business in
ledger and journal........................................................................................................................5
Preparation of trial balance with the help of ledger accounts.....................................................8
Analyse the trial balance.............................................................................................................9
LO2..................................................................................................................................................9
Explanation of Various stages of HR life cycle for a job role in hospitality sector and its
importance in developing talent and retention............................................................................9
Preparation of performance management plan for a job role in hospitality industry with
different techniques to solve passive behaviour and resolve issues of staff retention..............10
Role of HR in staff retention and management handling..........................................................11
LO3................................................................................................................................................12
Explanation of a legislation that hospitality sector organisations follow in its functioning.....12
Different examples and illustration to explain in what manner company, employment and
contract law impacts on organisational decision making in hospitality industry......................12
Political legislations impact on a business................................................................................13
LO4................................................................................................................................................14
Explanation of different functional roles in hospitality industry inter-relate............................14
Explanation of various methods of coordination, communication, and monitoring are
applicable within a department of hospitality industry that develops a value chain................14
Different methods of communication and coordination contributes to organisational success15
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................18
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Hospitality Business Tool Kit Report: Finance, HR, Law, and Operations