Accounting and Financial Analysis in the Hospitality Industry
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ACCOUNTING AND FINANCIAL ANALYSIS IN THE HOSPITALITY INDUSTRY, 1/e explains how to use numbers and fundamental accounting to operate a successful hospitality department or business. Focusing on the basics, sections progress from accounting and financial analysis to financial statements and management reports to budgeting and forecasting. Throughout the book current hospitality examples, photographs and illustrations are used. This edition includes the latest from the Uniform System of Accounts for the Lodging Industry, Tenth Revised Edition, expanded material on Department Profit and Loss Statements, coverage of the 2009 recession and new practice exercises throughout. For courses in Hospitality Managerial Accounting.
PART I: CREATING A FOUNDATION1. Introduction to Numbers, Accounting, and Financial Analysis2. Foundations of Financial Analysis3. Accounting Department Organization and OperationsPART II: FINANCIAL STATEMENTS AND MANAGEMENT REPORTS4. The Profit and Loss Statement ( P & L)5. The Balance Sheet ( A&L) and Statement of Cash Flow6. Hotel Management Reports7. Revenue Management8. Comparison Reports and Financial AnalysisPART III: BUDGETS AND FORECASTS9. Budgets10. Forecasting–A Very Important Management ToolPART IV: OTHER FINANCIAL INFORMATION11. Corporate Annual Reports12. Personal Financial LiteracyGLOSSARYINDEX
