Publisher's Synopsis
The updated, classic text on managerial accounting for hospitality businesses
Every dollar counts in the hospitality industry, which means revenues must be maximized and costs minimized. Hospitality Management Accounting, Eighth Edition, presents the fundamental concepts and analytical techniques required to take control of a real–world accounting system, evaluate the effectiveness of current and past operations, and manage finances effectively toward increased profits.
Hospitality Management Accounting, Eighth Edition, continues to define managerial accounting with such features as:
- A consolidated, in–depth review of the fundamentals of accounting
- Insight into the analysis and interpretation of financial statements
- A "bottom–up" approach to pricing
- Statements of cash flows discussed alongside working capital
- A cost–volume–profit approach to decision making and cost management
- Detailed focus on the operating budget and cash budgeting
This user–friendly text offers valuable preparation for the increasingly complex and competitive hospitality industry with hands–on coverage of computer applications and ethics situations focused on honing decision–making skills. Packed with accurate, up–to–date case studies, exercises, and problems, this Eighth Edition offers alternative solutions to provide a variety of problem–solving approaches.
Hospitality Management Accounting, Eighth Edition, equips hospitality management students with the skills they need to take command of one of the most crucial aspects of managing in today’s hospitality industry.
