ManageFirst Managerial Accounting with On-line Testing Access Code Card and Test Prep

This particular guide is a brief competency guide which is focused on Managerial Accounting and Budgeting. Designed to provide trainees with marketable management skills for a career within the Culinary Arts and Foodservice industryThe NRAEF is introducing a new program as part of its strategic focus on recruitment and retention.  This new management training certification program is based on a set of competencies defined by the restaurant, foodservice and hospitality industry as those needed for success.  NRAEF ManageFirst Program leads to a new credential, ManageFirst Professional (MFP), which is part of our industry career ladder.  This competency-based program includes 12 topics, each with a competency guide, exam, instructor resources and certificate.  Trainees earn a certificate for each exam passed. Packaged with this book is also a NEW! Exam Prep Guide and an On-line Testing Access Code Card.

Chapter 1        Managing Cash at the Operation

 

·        The Importance of Monitoring

·        Calculating Guest Checks

·        Processing Payment from Guests

·        Cash Register Reconciliation

·        Preparing Bank Deposits

 

Chapter 2        Managing Payables and Receivables

 

·        Accounts Payable

·        Accounts Receivable

 

Chapter 3        Exploring Costs

 

·        Controllable and Noncontrollable Costs

·        Fixed, Variable, and Semivariable Costs

 

Chapter 4        Preparing the Operating Budget

 

·        What Is an Operating Budget

·        Forecasting Sales Revenue

·        Forecasting Costs

·        Putting It All Together

 

Chapter 5        The Profit and Loss Report

 

·        What is a Profit and Loss Report?

·        Preparing Profit and Loss Reports

·        Analyzing Profit and Loss Reports

 

Chapter 6        Introduction to Cost Control

           

·        The Cost Control Process

·        A Closer Look at Costs

 

Chapter 7        The Capital Budget

           

·        What is a Capital Budget

·        Preparing a Capital Budget

·        Outlining Capital Spending Plans and Timelines

 

Field Project  

 

Index