Analyze why not many people can effectively conduct financial analysis in the real life of hotel management. What are the loopholes and misunderstandings in the financial statements?

In the real life of hotel management, there are many loopholes and misunderstandings in the financial statements. This situation is mainly caused by poor management, or it can be understood that it is caused by insufficient detailed accounting memory.

1: Financial statements are accounting statements that reflect the capital and profit status of an enterprise or budget unit in a certain period. The types, formats, and preparation requirements of my country's financial statements are all stipulated by the unified accounting system, which requires enterprises to prepare reports regularly. At the end of the reporting period, state-owned industrial enterprises should prepare respectively fund balance statements, special fund and special appropriation statements, infrastructure loan and special loan statements and other financial statements, as well as profit statements such as income statements and product sales profit details; state-owned commercial enterprises must submit Fund balance sheet, operating status sheet and special funds sheet, etc.

Two: Accounting statements should be submitted to owners, creditors, relevant parties, local fiscal and tax authorities, account opening banks, and competent departments on a regular basis. The accounting statements of a limited liability company should be distributed to each investment unit. The accounting statements of a joint stock company should also be prepared at the company's office 20 days before the shareholders' meeting for shareholders to review. Companies that issue stocks to the public should announce relevant statement documents in accordance with the relevant regulations of the Ministry of Finance. Monthly statements should be issued after the end of the month. Submit within six days;

3: Annual accounting statements should be submitted within four months after the end of the year. The annual accounting statements submitted by an enterprise to the outside world should be prepared by the administrative leaders of the enterprise, and the financial statements should be prepared based on the fully registered and verified account books and records and other relevant materials, so that the figures are true, the calculations are accurate, the content is complete, and the submissions are timely. Financial statements are usually audited by a certified public accountant.

Four: Statement disclosure time regulations: monthly interim financial accounting reports shall be provided to the outside world within 6 days after the end of the month (postponed on holidays, the same below); quarterly interim financial accounting reports shall be provided to the outside world within 15 days after the end of the quarter. ; The semi-annual interim financial accounting report shall be provided to the public within 60 days after the end of the mid-year period (equivalent to two consecutive months); the annual financial accounting report shall be provided to the public within 4 months after the end of the year.

Five: Enterprises should use the direct method to present cash flows generated from operating activities. The direct method presents cash flows from operating activities through the main categories of cash receipts and cash disbursements. When using the direct method to prepare cash flows from operating activities, the operating income in the income statement is generally used as the starting point, the increase or decrease in items related to operating activities is adjusted, and then the cash flow from operating activities is calculated.