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Managerial accounting for the hospitality industry
Author
Publisher
Wiley
Publication Date
c2009
Language
English
Description
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Table of Contents
From the Book
Preface
Part I. Accounting Fundamentals
Chapter 1. Hospitality Industry Accounting
Unique Aspects of the Hospitality Industry
The Purpose of Accounting in the Hospitality Industry
Branches of Accounting
Why Hospitality Managers Use Managerial Accounting
The Uniform System of Accounts
Ethics and Hospitality Accounting
The Blue Lagoon Water Park Resort: A Case Study
Can You Do the Math?
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Chapter 2. Accounting Fundamentals Review
Bookkeeping and Accounting
The Accounting Formula
Recording Changes to The Accounting Formula
Generally Accepted Accounting Principles
The Hospitality Business Cycle
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Part II. Financial Statements
Chapter 3. The Income Statement
The Purpose of the Income Statement
Income Statement Preparation
Income Statement Analysis
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Chapter 4. The Balance Sheet
The Purpose of the Balance Sheet
Balance Sheet Formats
Balance Sheet Content
Components of the Balance Sheet
Balance Sheet Analysis
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Chapter 5. The Statement of Cash Flows
Understanding Cash Flows
The Purpose of the Statement of Cash Flows
Sources and Uses of Funds
Creating the Statement of Cash Flows
Statement of Cash Flows Analysis
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Chapter 6. Ratio Analysis
Purpose and Value of Ratios
Types of Ratios
Comparative Analysis of Ratios
Ratio Analysis Limitations
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Part III. Management of Revenue and Expense
Chapter 7. Food and Beverage Pricing
Factors Affecting Menu Pricing
Assigning Menu Prices
Menu Price Analysis
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Chapter 8. Revenue Management for Hotels
Establishing Room Rates
Revenue Management
Non-Room Revenue
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Chapter 9. Managerial Accounting for Costs
The Concept of Cost
Types of Costs
Cost/Volume/Profit Analysis
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Part IV. Accounting Information for Planning
Chapter 10. Forecasting in the Hospitality Industry
The Importance of Accurate Forecasts
Forecast Methodology
Utilizing Trend Lines in Forecasting
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Chapter 11. Budgeting and Internal Controls
The Importance of Budgets
Types of Budgets
Operations Budget Essentials
Developing an Operations Budget
Monitoring an Operations Budget
Cash Budgeting
Managing Budgets through Internal Controls
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Chapter 12. Capital Investment, Leasing, and Taxation
Capital Budgeting
Capital Investment
Financing Alternatives
Taxation
Apply What You Have Learned
Key Terms and Concepts
Test Your Skills
Glossary
About the Authors
Index
Excerpt
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Author Notes
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More Details
Contributors
ISBN
9780471723370
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