Casino Financial Controls: Tracking the Flow of Money / Edition 1

Casino Financial Controls: Tracking the Flow of Money / Edition 1

by Steve Durham, Kathryn Hashimoto
     
 

ISBN-10: 0131748092

ISBN-13: 9780131748095

Pub. Date: 03/24/2009

Publisher: Pearson

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

Overview

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.

Product Details

ISBN-13:
9780131748095
Publisher:
Pearson
Publication date:
03/24/2009
Series:
Casino Essential Series
Edition description:
New Edition
Pages:
176
Sales rank:
802,144
Product dimensions:
7.20(w) x 9.00(h) x 1.20(d)

Table of Contents

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

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