Hospitality Management Accounting

by Jagels, Martin G.; Ralston, Catherine E.

• ISBN13: 9780470052433
• ISBN10: 0470052430
• Edition: 10th
• Format: Hardcover
• Copyright: 2021-09-22
• Publisher: Wiley

Summary

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 prepare readers for the increasingly complex and competitive hospitality industry.

Table of Contents

Preface

Basic Financial Accounting Review

Understanding Financial Statements

Analysis and Interpretation of Financial Statements

Ratio Analysis

Internal Control

The Bottom Up Approach to Pricing

Cost Management

The Cost-Volume-Profit Approach to Decisions

Operations Budgeting

Statement of Cash Flows and Working Capital Analysis

Cash Management

Capital Budgeting and the Investment Decision

Feasibility Studies-An Introduction

Financial Goals and Information Systems

Appendix: Computers in Hospitality Management

Glossary

Index

Table of Contents provided by Publisher. All Rights Reserved.