Hospitality Industry Financial Accounting with Answer Sheet (AHLEI)

by Schmidgall, Raymond S.; Damitio, James W., Ph.D, CMA; American Hotel & Lodging Association

• ISBN13: 9780133097283
• ISBN10: 0133097285
• Edition: 3rd
• Format: Paperback
• Copyright: 2012-05-30
• Publisher: Educational Institute

Summary

This textbook presents basic financial accounting concepts and shows your students how they apply to the hospitality industry. This revised edition incorporates the most recent formats, information, and schedules from the newly-published Uniform Systems of Accounts for the Lodging Industry,Tenth Revised Edition. Each chapter also includes five new problems to give students practice using accounting information. Students will learn: The responsibilities of a hospitality property's accounting department Advantages and drawbacks of various types of income statements The role of inventory in calculating profit

Author Biography

About the Educational Institute

 

We Train The Best!

 

The American Hotel and Lodging Educational Institute (AHLEI) is the premier source for delivering quality hospitality education, training and professional certification that serves the needs of hospitality schools and industries worldwide.

The AHLEI meets and exceed its education and training mission by providing materials for all levels of hospitality personnel via: online learning, distance learning courses, videos, seminars, textbooks, and study guides.

 

Professionalcertificationfrom the AHLEI is the ultimate distinction of professional excellence for the hospitality industry. It certifies and validates competencies in conjunction with academia and industry experts for over 35 positions in the hospitality industry; designations from front-line to general manager, including the prestigious CHA - the Certified Hotel Administrator.

Table of Contents

Introduction to Accounting

Accounting for Business Transactions

Accounting Adjustments

Completing the Accounting Cycle

Income Statement; Balance Sheet

Specialized Journals and Subsidiary Ledgers

Cash

Receivables and Payables

Inventory

Property, Equipment, and Other Assets

Current Liabilities and Payroll

Partnerships

Corporate Accounting

Bonds, Leases, and Mortgages Payable

Investments in Corporate Securities

Statement of Cash Flows

Analysis and Interpretation of Financial Statements