Hospitality Management Accounting

The success of every business in the hospitality industry dependson maximizing revenues and minimizing costs. HospitalityManagement Accounting, Ninth Edition continues its time–testedpresentation of fundamental concepts and analytical techniques thatare essential to taking control of real–world accounting systems,evaluating current and past operations, and effectively managingfinances toward increased profits.

Hospitality Management Accounting, Ninth Editioncontinues to define managerial accounting with new features, suchas:

Detailed and consolidated coverage of straight–line,units–of–production, sum–of–the–year′s–digits, anddouble–declining–balance depreciation methods Updated material on inventory control methods, with emphasis onperpetual inventory A sequential presentation of statement of cash flows andworking capital New end–of–chapter exercises and problems

Hospitality Management Accounting, Ninth Edition offershands–on coverage of computer applications and practicaldecision–making skills to successfully prepare readers for theincreasingly complex and competitive hospitality industry.

Preface.

Chapter 1: Basic Financial Accounting Review.

Chapter 2: Understanding Financial Statements.

Chapter 3: Analysis and Interpretation of FinancialStatements.

Chapter 4: Ratio Analysis.

Chapter 5: Internal Control.

Chapter 6: The "Bottom–Up" Approach to Pricing.

Chapter 7: Cost Management.

Chapter 8: The Cost–Volume–Profit Approach to Decisions.

Chapter 9: Operations Budgeting.

Chapter 10: Statement of Cash Flows and Working CapitalAnalysis.

Chapter 11: Cash Management.

Chapter 12: Capital Budgeting and the InvestmentDecision.

Chapter 13: Feasibility Studies An Introduction.

Chapter 14: Financial Goals and Information Systems.

Glossary.

Index.