Description
Book SynopsisThe success of every business in the hospitality industry depends on maximizing revenues and minimizing costs. Hospitality Man-agement Accounting, Ninth Edition continues its time-tested presentation of fundamental concepts and analytical techniques that are essential to taking control of real-world accounting systems, evaluating current and past operations, and effectively managing finances toward increased profits. This accessible Ninth Edition offers hands-on coverage of computer applications and practical decision-making skills to successfully prepare readers for the increasingly complex and competitive hospitality industry.
Table of ContentsPreface.
Chapter 1: Basic Financial Accounting Review.
Chapter 2: Understanding Financial Statements.
Chapter 3: Analysis and Interpretation of Financial Statements.
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 Capital Analysis.
Chapter 11: Cash Management.
Chapter 12: Capital Budgeting and the Investment Decision.
Chapter 13: Feasibility Studies—An Introduction.
Chapter 14: Financial Goals and Information Systems.
Glossary.
Index.
