Raymond S. Schmidgall,
David K. Hayes,
Jack D. Ninemeier
The “Restaurant Financial Basics” is a wonderful business finance book. Raymond S. Schmidgall, David K. Hayes, and Jack D. Niemeier are the author of this helpful book. Raymond S. Schmidgall is the Ph.D., CPA and the Hilton Hotels Professor of Hospitality Financial Management at Michigan State University. This business finance book engages all the reader from start to end of the page. Raymond writes numerous books and all of them are worth to read. restaurant Financial Basics, the authors provides a full practical guide, how to manage restaurant business finances. They tell all the tools needed to manage the finances of food services establishment effectively.
All the authors have experience in the business finance field, so it offers down-to-earth coverage of basic accounting topics, including pricing, budgeting, cost control, and cash flow and how to launch menu prices. In addition, Restaurant Financial Basics has a good comprehensive overview for anyone, who don’t have a finance background. They also provide solid review information for all people who have not used accounting courses. This book also provides restaurant owners and managers with expert advice and practical guidance on critical issues in restaurant management. All in all, Restaurant Financial Basics is a must-read a book for all restaurant managers.