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Managerial Accounting for the Hospitality Industry, Study Guide

ISBN: 978-0-470-14055-0
224 pages
October 2008, ©2009
Managerial Accounting for the Hospitality Industry, Study Guide (0470140550) cover image
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.
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Part I: Accounting Fundamentals.

Chapter 1. Hospitality Industry Accounting.

Chapter 2. Accounting Fundamentals Review.

Part II: Financial Statements.

Chapter 3. The Income Statement.

Chapter 4. The Balance Sheet.

Chapter 5. The Statement of Cash Flows.

Chapter 6. Ratio Analysis.

Part III: Management of Revenue and Expense.

Chapter 7. Food and Beverage Pricing.

Chapter 8. Revenue Management for Hotels.

Chapter 9. Managerial Accounting for Costs.

Part IV: Accounting Information for Planning.

Chapter 10. Forecasting in the Hospitality Industry.

Chapter 11. Budgeting and Internal Controls.

Chapter 12. Capital Investment, Leasing, and Taxation.

Answers to Key terms & concepts review, Discussion Questions and Quiz Yourself.

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•       Running case study of true-to-the-industry case study to help students immediately apply what they've learned to the types of key management decisions made at a full-service resort

•       Dozens of practical examples scattered throughout each chapter clearly illustrate accounting concepts and theories

•       Contains a back-of-the book CD-ROM with Excel spreadsheets (both 2003 & 2007 versions) for all of the practice problems, a guide to using the spreadsheets, frequently used formulas, and Fun on the Web website links

•       Focuses on how accounting principles apply directly to hospitality management

•       Readers don’t need a strong accounting background to understand the content

•       Employs a reader-friendly style that makes learning accounting fun

•       Same winning formula that the authors used in the best-selling Food & Beverage Cost Control: Fun on the Web, Test Your Skills, Chapter Outline, Learning Outcomes, Go Figure (stepped-out problems), Apply What You Have Learned, Key Terms and Concepts, and a running case study

 

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