SCIENTIFIC AND METHODICAL APPROACHES TO THE FORMATION OF THE FINANCIAL STRUCTURE OF ENTERPRISES IN THE HOSPITALITY INDUSTRY

Abstract

The financial structure of a tourism industry enterprise is a set of economic and (or) other spheres of financial responsibility (for income and expenses, only for expenses, for certain financial indicators, etc.), distributed among the structural divisions of the enterprise or firm, which are the objects of budgeting and management accounting. In the financial structure, it is customary to distinguish different types of accounting centers: profit centers, loss centers, income and expense centers, cost centers, venture centers, investment centers, etc. The purpose of the article is the analysis and substantiation of scientific and methodological approaches to the formation of the financial structure of enterprises in the hospitality industry. The article substantiates the basis of the use of capital in the hospitality industry, which is aimed at meeting the social needs of consumers and should develop on the basis of state management of economically separate subjects of this sphere of the national economy, the formation of the financial structure of hospitality industry enterprises, which is vectorially aimed at maximizing the economic efficiency of economic entities, is considered tourism and the hotel and restaurant industry. It was determined that the following three parts can be distinguished in the capital of the hospitality industry: working capital advanced for the purchase of goods (fixed and variable capital) necessary for the provision of services in the hospitality industry; capital advanced for additional costs of providing services in the hospitality industry; capital advanced for the net costs of providing services in the hospitality industry. The need to assess the effectiveness of the budgeting system based on the analysis of the financial condition of hospitality industry enterprises is substantiated. Methodical approaches for evaluating the efficiency of economic processes and identifying the strengths and weaknesses of enterprises in the hospitality industry are substantiated.