A Guide to Hospitality Financial Management in Canada
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A Guide to Hospitality Financial Management in Canada

Paul A. Willie
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A Guide to Hospitality Financial Management in Canada is an essential text for anyone seeking to pursue a professional career in hospitality management. It is an up-to-date guide that provides readers with the information, tools, and methodology to become successful financial stewards within Canada’s hospitality industry.  

The text provides a concise but thorough review of foundational finance topics as well as industry-specific skills such as inventory management, operating budgets, and market strategies. It also includes a chapter on valuation methods for hotels, restaurants, and wineries – a first in any text of this kind. The textbook provides practical scenarios and review questions to help readers enhance their learning.  

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  • ISBN/ISSN: 978-1-77462-387-9
  • Status: Coming Soon
  • Cover: Softcover
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  • ISBN/ISSN: 978-1-77462-387-9
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  • ISBN/ISSN: 978-1-77462-388-6
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  • ISBN/ISSN: 978-1-77462-389-3
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ISBN
978-1-77462-387-9
Page Count
402
Publisher
Emond Publishing
Publication Date
February 2024
Status
Available
Subjects
Hospitality and Tourism
Tags
Higher Education Other

  • Insights from expert contributors: Bryan Bessner, Jay Perry, Mark J. Picone, and Philip Wessels.

  • Comprehensive review of the financial management skills and competencies required to succeed in the hospitality industry. 

  • “Apply Your Knowledge” scenarios integrated throughout the text. 

  • Detailed graphs, tables, ledgers, and figures.

  • End-of-chapter summaries, key terms, and practical review questions. 

  • Full teaching package, including test bank, PowerPoint presentation, Instructor’s Guide, and online resources.

Part 1: Introduction
1. The Need for Strategic Financial Management
2. The Canadian Financial Environment
3.  The Foundation for High Performance Financial Management

Part 2: Financial Instruments and Markets
4. Financial Intermediaries
5. Financial Instruments
6. Financial Markets

Part 3: Risk, Return, and Financial Strategy
7. Risk: Friend or Foe?
8. Time Is Money
9. Equity versus Debt and Financial Management Strategy

Part 4: Financial Management and Operations Management
10. Budgeting
11. Capital Structure

Part 5: Strategic Financial Management
12. Restaurant, Hotel, and Winery Valuations
13. Asset Management
14. Financial Analysis in a Competitive Environment

  • Instructor's Guide

  • PowerPoint Presentations

  • Test Bank

  • Additional Online Spreadsheets, Forms, and Problems.

For free instructor resources, please contact instructor support.

Chapter 1: The Need for Strategic Financial Management


“Financial management is a crucial part of operating a hospitality business. Monitoring expectations to evaluate the performance of a business is essential, and identifying issues early on is critical to ensuring success. The authors have created a very useful resource for those entering the industry.”

—Logan Todd,
Durham College



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