Basic Management Accounting for the Hospitality Industry
eBook - PDF

Basic Management Accounting for the Hospitality Industry

  1. 380 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Basic Management Accounting for the Hospitality Industry

About this book

Basic Management Accounting for the Hospitality Industry uses a step by step approach to enablestudents to independently master the field.

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 Lodging Industry (USALI)
  • the extension of price elasticity of demand, and addition of income and cross elasticities
  • the addition of break-even time (BET) as an additional method of analysing capital investments

Up-to-date and comprehensive coverage, this textbookis essential reading for hospitality management students. Additional study and teaching materials can be found on www.hospitalitymanagement.noordhoff.nl

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Yes, you can access Basic Management Accounting for the Hospitality Industry by Michael Chibili in PDF and/or ePUB format, as well as other popular books in Business & Hospitality, Travel & Tourism Industry. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Routledge
Year
2019
Print ISBN
9780367108427
eBook ISBN
9781000035759
Edition
2
Topic
Business
Subtopic
Hospitality, Travel & Tourism Industry
Index
Business
Introduction 
to
management 
accounting
1.1
Setting 
the 
scene
1.2
Understanding 
the 
hospitality 
industry
Information 
is 
very 
important 
for 
the 
management 
process 
and
accounting 
is 
one 
of 
the 
main 
information 
systems 
that 
can 
be 
found
in 
an 
organization. 
It 
is 
as 
such 
necessary 
that 
managers 
within 
an
organization 
obtain 
a 
basic 
understanding 
of 
accounting 
for 
them 
to
be 
able 
to 
effectively 
and 
responsibly 
carry 
out 
their 
management
functions. 
The 
information 
needs 
to 
come 
from 
all 
the 
areas 
of 
their
management 
activities 
as 
well 
as 
used 
in 
all 
the 
related 
areas. 
Section
1.1 
sets 
the 
scene: 
by 
showing 
how 
information 
is 
generated 
and 
used
within 
an 
organization; 
by 
differentiating 
management 
from 
financial
accounting; 
by 
introducing 
the 
basic 
principles 
of 
accounting; 
and 
by
introducing 
the 
management 
accounting 
process. 
In 
Section 
1.2 
the
hospitality 
industry 
is 
introduced 
with 
the 
aim 
of 
highlighting 
some
of 
its 
special 
characteristics 
as 
well 
as 
how 
it 
is 
organized.
15
1
© 
Noordhoff 
Uitgevers 
bv

Table of contents

  1. Cover
  2. Half Title
  3. Title Page
  4. Copyright Page
  5. Preface to the first edition
  6. Preface to the second edition
  7. Table of contents
  8. 1: Introduction to management accounting
  9. 2: The balance sheet
  10. 3: The profit and loss account statement
  11. 4: Adjustments to the balance sheet and the profit and loss account
  12. 5: The cash flow statement (also called the statement of cash flow)
  13. 6: Analyzing financial statements
  14. 7: Ratio analysis and types of ratios
  15. 8: Management of working capital
  16. 9: Cost Management
  17. 10: Pricing and Revenue Management
  18. 11: Cost-volume-profit analysis
  19. 12: Internal control
  20. 13: Forecasting
  21. 14: Budgeting and variance analysis
  22. 15: Capital investment decisions
  23. References for further reading
  24. Answers to end of chapter multiple choice questions
  25. Appendix Factor tables
  26. About the author
  27. Picture credits
  28. Index