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Full Description
Though not all hospitality students want to be accountants, managerial accounting is a crucial skill for all hospitality students. Written for aspiring hospitality managers rather than accountants, this resource focuses on how accounting principles apply directly to hospitality management. With a reader-friendly style suitable for those with no prior accounting background, this book makes accounting fun with practical examples scattered throughout each chapter that clearly illustrate accounting concepts and theories. A running case study helps readers immediately apply what they ve learned to the types of key management decisions made at a full-service resort. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.
Contents
Part I: Accounting Fundamentals. Chapter 1. Hospitality Industry Accounting. Chapter 2. Accounting Fundamentals Review. Part II: Financial Statements. Chapter 3. The Income Statement. Chapter 4. The Balance Sheet. Chapter 5. The Statement of Cash Flows. Chapter 6. Ratio Analysis. Part III: Management of Revenue and Expense. Chapter 7. Food and Beverage Pricing. Chapter 8. Revenue Management for Hotels. Chapter 9. Managerial Accounting for Costs. Part IV: Accounting Information for Planning. Chapter 10. Forecasting in the Hospitality Industry. Chapter 11. Budgeting and Internal Controls. Chapter 12. Capital Investment, Leasing, and Taxation. Answers to Key terms & concepts review, Discussion Questions and Quiz Yourself.



