Accounting Essentials for Hospitality Managers 2nd Edition

For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business, yet understanding is crucial for success. Using an ‘easy to read’ style, this book provides a comprehensive overview of the most relevant accounting information for managers. It demonstrates how to organize and analyze accounting data to help make informed decisions with confidence.With its highly practical approach, this book:

quickly develops the reader’s ability to adeptly use and interpret accounting information to further organizational decision making and control
demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base
develops mastery of the key accounting concepts through financial decision making cases that take a hospitality manager’s perspective on an issue
sets financial problems in the context of a range of countries and currencies
includes two new chapters on internal control and performance management
offers a companion website for this title includes case studies, PowerPoint slides and exercises and solutions to aid learning and teaching. These resources are SCORM compliant and compatible with institutions’ Learning Management Systems.

1. Introduction 2. Analysing Transactions and Preparing Year End Financial Statements 3. Double Entry Accounting 4. Adjusting and Closing Entries 5. Internal Control 6. Cost Management Issues 7. Cost-Volume-Profit Analysis 8. Budgeting and Responsibility Accounting 9. Flexible Budgeting and Variance Analysis 10. Performance Measurement 11. Cost Information and Pricing 12. Working Capital Management 13.Investment Decision Making