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Study Guide to accompany Managerial Accounting for the Hospitality Industry

Study Guide to accompany Managerial Accounting for the Hospitality Industry

Lea R. Dopson, David K. Hayes

ISBN: 978-0-470-14055-0

Oct 2008

216 pages

Select type: Paperback

In Stock



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.
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.