Hospitality Industry Managerial Accounting (AHLEI) / Edition 7

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Overview

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.

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Editorial Reviews

Booknews
A textbook for hospitality students in two-year or four-year programs who are already familiar with basic accounting concepts and procedures, preferably from having taken an introductory course in basic accounting. Sets out how those basics are applied to management accounting in the hospitality industry. Includes information on the balance sheet, the income statement, cash flows, ratio analysis, basic cost concepts, cost-volume-profit analysis, cost approaches to pricing, forecasting methods, operations budgeting, income taxes, and other topics. No dates are noted for previous editions. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780133097290
  • Publisher: Educational Institute
  • Publication date: 6/13/2012
  • Edition description: New Edition
  • Edition number: 7
  • Pages: 716
  • Sales rank: 451,504
  • Product dimensions: 7.00 (w) x 9.00 (h) x 1.40 (d)

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

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