Hospitality Management Accounting
The success of every business in the hospitality industry depends on maximizing revenues and minimizing costs. This Ninth Edition continues its time-tested presentation of fundamental concepts and analytical techniques that are essential to taking control of real-world accounting systems, evaluating current and past operations, and effectively managing finances toward increased profits. It offers hands-on coverage of computer applications and practical decision-making skills to successfully...
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The success of every business in the hospitality industry depends on maximizing revenues and minimizing costs. Hospitality Management Accounting, Ninth Edition continues its time-tested presentation of fundamental concepts and analytical techniques that are essential to taking control of real-world accounting systems, evaluating current and past operations, and effectively managing finances toward increased profits. Hospitality Management Accounting, Ninth Edition continues to define managerial accounting with new features, such as:Detailed and consolidated coverage of straight-line, units-of-production, sum-of-the-year's-digits, and double-declining-balance depreciation methodsUpdated material on inventory control methods, with emphasis on perpetual inventoryA sequential presentation of statement of cash flows and working capitalNew end-of-chapter exercises and problems Hospitality Management Accounting, Ninth Edition offers hands-on coverage of computer applications and practical decision-making skills to successfully prepare readers for the increasingly complex and competitive hospitality industry.
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Ch. 1Basic financial accounting review1Ch. 2Understanding financial statements53Ch. 3Analysis and interpretation of financial statements101Ch. 4Ratio analysis137Ch. 5Internal control195Ch. 6The "bottom-up" approach to pricing243Ch. 7Cost management297Ch. 8The cost-volume-profit approach to decisions331Ch. 9Operations budgeting367Ch. 10Statement of cash flows and working capital analysis417Ch. 11Cash management463Ch. 12Capital budgeting and the investment decision497Ch. 13Feasibility studies - an introduction527Ch. 14Financial goals and information systems551
