The importance of financial accounting is gradually being recognized as germane to prudent management of any business firm. This has necessitated the need for the computerization of structured operations of the financial managers structured operations are known with certainly for instance, the computation and decisions based on financial ratios.
This project therefore is a case study of Modotel Hotel. It describes the computerization of the financial accounting of the hotel as packaged for its clients. Thus this study gives detailed methods for the development of an optimal financial database for hotel industry as well as the software required for the computation and tabulation of different financial ratios.
Finance is the life wire of any business organization. It is required for the execution of production, sales and administration of a business operation. As a discipline, finance is concerned with the acquisition and administration of the use of the firms’ funds as well as profit planning and control financial analysis is inevitable for the effective planning and control of any firm.
To effectively plan for the future, the financial manager should be able to assess the financial position of the firm and relates this to its confronting investment opportunities. Since funds are scarce, financial analysis helps the financial manager to assess the returns on investment accruing from ploughing the firms’ assets and thereby efficiently allocating resources.
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