lily schultz is a junior majoring in hotel and restaurant management she wants to work in a large hotel chain with the goal of eventually managing a hotel.

Prepare a letter advising lily about the differences and similarities between financial and cost management. Describe the advantages each might offer the manager of a hotel.

PROBLEMS Problem 1.8 Financial Accounting versus Cost Management Lily Shultz is a junior majoring in hotel and restaurant management. She wants to work for large hotel chain with the goal of eventually managing a hotel. She is considering the possib of taking a course in either financial accounting or cost management. Before choosing, howe she has asked you to provide her with some information about the advantages that each co offers. Required: Prepare a letter advising Lily about the differences and similarities between financial acu and cost management. Describe the advantages each might offer the manager of a hotel