9780470293256

Managerial Accounting for the Hospitality Industry

by ;
  • ISBN13:

    9780470293256

  • ISBN10:

    047029325X

  • Format: eBook
  • Copyright: 2008-12-01
  • Publisher: Wiley
  • Purchase Benefits
  • Free Shipping Icon Free Shipping On Orders Over $35!
    Your order must be $35 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • eCampus.com Logo Get Rewarded for Ordering Your Textbooks! Enroll Now
List Price: $89.95
We're Sorry.
No Options Available at This Time.

Summary

Though not all hospitality students want to be accountants, managerial accounting is a crucial skill for all hospitality students. Written for aspiring hospitality managers rather than accountants, this resource focuses on how accounting principles apply directly to hospitality management. With a reader-friendly style suitable for those with no prior accounting background, this book makes accounting fun with practical examples scattered throughout each chapter that clearly illustrate accounting concepts and theories. A running case study helps readers immediately apply what they ve learned to the types of key management decisions made at a full-service resort.

Table of Contents

Preface
Accounting Fundamentals
Hospitality Industry Accounting
Unique Aspects of the Hospitality Industry
The Purpose of Accounting in the Hospitality Industry
Branches of Accounting
Why Hospitality Managers Use Managerial Accounting
Uniform System of Accounts
Ethics and Hospitality Accounting
The Blue Lagoon Waterpark Resort: A Case Study
Can You Do the Math?
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Accounting Fundamentals Review
Bookkeeping and Accounting
The Accounting Formula
Recording Changes to The Accounting Formula
Generally Accepted Accounting Principles
The Hospitality Business Cycle
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Financial Statements
The Income Statement
The Purpose of the Income Statement
Income Statement Preparation
Income Statement Analysis
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
The Balance Sheet
The Purpose of the Balance Sheet
Balance Sheet Formats
Balance Sheet Content
Components of the Balance Sheet
Balance Sheet Analysis
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
The Statement of Cash Flows
Understanding Cash Flows
The Purpose of the Statement of Cash Flows (SCF)
Sources and Uses of Funds
Creating the Statement of Cash Flows
Statement of Cash Flows Analysis
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Ratio Analysis
Purpose and Value of Ratios
Types of Ratios
Comparative Analysis of Ratios
Ratio Analysis Limitations
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Management of Revenue and Expense
Food and Beverage Pricing
Factors Affecting Menu Pricing
Assigning Menu Prices
Menu Price Analysis
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Revenue Management for Hotels
Overview
Establishing Room Rates
Revenue Management
Non-Room Revenue
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Managerial Accounting for Costs
The Concept of Cost
Types of Costs
Cost/Volume/Profit Analysis
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Accounting Information for Planning
Forecasting In the Hospitality Industry
Overview
The Importance of Accurate Forecasts
Forecast Methodology
Utilizing Trend Lines in Forecasting
Review of Learning Outcomes
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Budgeting and Internal Controls
The Importance of Budgets
Types of Budgets
Operations Budget Essentials
Developing an Operations Budget
Monitoring an Operations Budget
Cash Budgeting
Managing Budgets through Internal Controls
Apply What You have Learned
Key terms and Concepts
Test Your Skills
Capital Investment, Leasing, and Taxation
Capita
Table of Contents provided by Publisher. All Rights Reserved.

Rewards Program

Reviews for Managerial Accounting for the Hospitality Industry (9780470293256)