Casino Financial Controls: Tracking the Flow of Money

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9780131748095: Casino Financial Controls: Tracking the Flow of Money

Every manager and supervisor must be financially literate in order to advance their career in casino management.  Managing expenses, a key aspect of performance reviews for managers, relies heavily on the ability to read financial statements.  Since there is cash and cash equivalents moving around the casino facility like in no other business, the need for financial literacy is critical in the casino industry.  Money exchanges hands at gaming tables and at the cage.  Employees assume responsibility for banks and chip racks worth thousands of dollars.  Extending credit and issuing comps have a material effect on the profitability of casinos.  Money is everywhere and controls must be in place to avoid theft and embezzlement. Incredibly easy-to-understand, Casino Financial Controls: Tracking the Flow of Money  gives solid explanations of accounting principles as well as examples of accounting entries. Examples of procedural controls and the reasons for each control are also included and explained in pragmatic terms. The criteria for extending credit or issuing comps are used to avoid serious damage to the bottom line.  In addition, pictures and illustrations are included to help the reader to better visualize the reality behind the words.

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Book Description Prentice Hall, 2009. Book Condition: New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: Table of Contents Chapter 1: Introduction Chapter 2: Terminology Chapter 3: Hold Percentage Chapter 4: Controls in Place Chapter 5: Paper Trail of Revenue and Payouts Chapter 6: Conversion of Financial Data into Financial Statements Chapter 7: Analysis of Financial Statements Chapter 8: Purpose and History of Comps and Credit Chapter 9: Criteria for Issuing Credit Chapter 10: Criteria for Offering Comps Chapter 11: Impact on Financial Results Chapter 12: Conclusion. Bookseller Inventory # ABE_book_new_0131748092

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