FINANCIAL ANALYSIS

Mayfair Hotel Group



Mayfair Hotel Group

Introduction

This paper focuses on the financial status of Mayfair Hotel Group. The study will describe the importance of choosing the right strategy. Internal and external analysis of Mayfair Hotel Group is made in order to maintain the status as the low cost. It includes the model of the strategy in use. The strategic choice of Mayfair Hotel Group makes the company a leader in the industry. The company has become an example in the strategic management because of its successful implementation of the strategy. Internal and external analysis of Mayfair Hotel Group shows the set of managerial decisions and actions that determine the long-run performance of a corporation. It includes environmental scanning, strategy formulation, strategy implementation and evaluation and control.

Task 1

Source and Structure of Trial Balance and Its Compilation

The trial balance of Mayfair Hotel Group is a list of all debit and credit balances of all ledger accounts to check for equality, adding them in separate columns; this so as a result of that accounting based on double derives its name from the fact that the registration of all operation requires the seat of debits and credits of an operation totaling the same amount, it is obvious that the total of all accounts debits must equal total credits.

The trial balance of Mayfair Hotel Group is used to locate errors within a period of time identified and provided in detail to find them and correct them. It's a convenient list of account balances to be used in the preparation of financial statements. The trial balance of Mayfair Hotel Group is useful for checking the mathematical accuracy of the meter and provides more information to prepare periodic financial statements, as it is much easier to use data from the balance that took them directly from the greater.

The trial balance of Mayfair Hotel Group is a statement that is made regularly, usually at the end of each month to verify that all the charges is equal to all fertilizers made on the books for a certain period. The "balance" almost always contains folios of accounts; the names of these, debit and credit balances properly classified, and amounts of accounts receivable and payable, which must be equal. Data set resulting in the general ledger to register before seats clearance of budgets and results of each of the following groups: treasury management and inventory. The form of Mayfair Hotel Group's trial balance contains three main divisions that are accounts, numbers and titles of the same; motions, subdivisions and general accounts, each with two columns that correspond to "should" and "have" and balances, branches and accounts; generally, each with two columns for debtors and creditors (Anthony and Marcia, 2005, 14-16). It is therefore the list or extract or total balances of debits and credits the accounts of a senior who is to determine the equality of debits and credits established and set a basic summary for financial statements.

Types of Adjustments

Everything that happens in the Mayfair Hotel Group must be ...