"Hospitality Finance and Accounting provides a uniquely concise, accessible and comprehensive introduction to hospitality, finance and accounting from a managerial perspective. By avoiding unnecessary jargon and focusing on the essentials, this book offers a crucial breakdown of this often overly-complex subject area. The concise chapters cover the essential concepts, ideas and formulas to be mastered within the hospitality industry including income statements, balance sheets, pricing, budgeting, as well as fundamental issues such as rooms pricing, portion control, portion cost, yield standards and breakeven analysis. Each chapter is split into two sections; theory and practice, giving students practical insight into the everyday realities of the hospitality industry through case studies which show how theories are applied to a range of relevant scenarios. This will be an essential introductory yet practical resource for all Hospitality students and future managers within the industry"--
Reviewers Richard F. Ghiselli, Purdue University Yang H. Huo, Roosevelt University Fred Hurvitz, Pennsylvania State University Ronald L. Jordan, University of Houston Hyung-il Jung, University of Central Florida Lee M. Kreul, ...
Yet having a grasp of accounting basics is a key part of management. Using an 'easy to read' style, this book provides a comprehensive overview of the most relevant accounting information for hospitality managers.
A step-by-step solution is provided for each problem towalk the reader through the necessary financial calculations The Real Deal—boxed inserts that emphasize the relevanceof the book by linking financial concepts to fun facts ...
Understanding and applying the information will be the main focus of this book. This textbook should provide hospitality managers the knowledge and experience to be comfortable in using numbers to operate their departments.
This 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 ...
Top experts specializing in hospitality management have contributed articles to this new collection which explains recent developments in accounting and finance.
The Blue Book is an ultimate guide for financial and management accounting in the hotel industry, and it is like no other.
The book explores theoretical financial concepts relevant to the hospitality organizations, such as Financial Analysis and Planning, Management of Working Capital, Capital Budgeting, Long Term Financing for Hospitality Organizations in ...
This second edition contains many new themes and developments, including: the essence of the International Financial Reporting Standards (IFRS) integration of the changes caused by the evolution of the Uniform System of Accounts for the ...
Highly practical in its scope and approach, this book: · Outlines the procedure and purpose behind various financial activities - including budgeting, year-end financial statement analysis, double-entry accounting, managing and analysing ...