Hospitality Industry Managerial Accounting with Answer Sheet (AHLEI)

by Schmidgall, Raymond S.; American Hotel & Lodging Association

• ISBN13: 9780133097290
• ISBN10: 0133097293
• Edition: 7th
• Format: Paperback
• Copyright: 2012-05-30
• Publisher: Educational Institute

Summary

Hospitality management students and professionals responsible for accounting functions at their property, or who aspire to a career in hospitality accounting, will benefit from this textbook. This textbook includes everything readers will need to gain a clear understanding of managerial accounting in a hospitality setting. Chapters reflect new tax laws and the impact of the Sarbanes-Oxley Act, as well as the results of new survey research on updated practices in capital budgeting and leasing. Readers will learn to make effective choices based on the numbers that affect daily operations, develop on-target budgets and control cash flow, reach profit goals with the help of financial reports and other tools, and apply the latest uniform systems of accounts for hotels and restaurants.

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.

 

Professional  certification  from 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 Managerial Accounting

The Balance Sheet

The Income Statement

The Statement of Cash Flows

Ratio Analysis

Basic Cost Concepts

Cost-Volume-Profit Analysis

Cost Approaches to Pricing

Forecasting Method

Operations Budgeting

Cash Management

Internal Control

Capital Budgeting

Lease Accounting

Income Taxes