casino financial controls tracking the flow of money
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 . this book is aimed at the non financial managers who need to know the basics of casino financial controls .