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Hospitality Financial Accounting

ISBN-10: 0470083603
ISBN-13: 9780470083604
Edition: 2nd 2009
List price: $133.95 Buy it from $68.84
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Description: Hospitality Financial Accounting, Second Edition is the ultimate resource for understanding the principles of financial accounting and learning to apply these principles to real-world hospitality management. Combined with a full-color package and  More...

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Book details

List price: $133.95
Edition: 2nd
Copyright year: 2009
Publisher: John Wiley & Sons, Incorporated
Publication date: 3/3/2008
Binding: Hardcover
Pages: 544
Size: 8.50" wide x 11.00" long x 1.00" tall
Weight: 3.718
Language: English

Hospitality Financial Accounting, Second Edition is the ultimate resource for understanding the principles of financial accounting and learning to apply these principles to real-world hospitality management. Combined with a full-color package and robust pedagogical framework, this Second Edition builds on the first editions success.

Hospitality Accounting in Action
New Feature Story on the importance of accurate and ethical financial accounting in today's business world
New international insight on Chinese accounting policies
New an insight feature on e-business
The accounting cycle is now introduced in this chapter
New discussion of accounting and financial management in hotels, restaurants, clubs and spas
Detailed coverage on the Uniform Systems of Accounts
Updated and revised end-of-Chapter problems
Accounting Principles
New Feature Story on the matching principle and how it relates to stockholders' wealth
New business insight on a gaming casino
Step-by-step illustration of an expanded accounting equation
Updated and revised end-of-Chapter problems
The Recording Process
Feature Story on the real world of accounting
Additional reinforcement of the accounting cycle
Updated and revised end-of-Chapter problems
Adjusting the Accounts
Feature Story on why adjustments are crucial in providing accurate accounting information
New insight feature on exceptionally large outlays by companies on advertising
New ethics insight on earnings reporting
Updated and revised end-of-Chapter problems
Completing the Accounting Cycle
Updated Feature Story on Rhino's Foods, Inc. about educating employees the financial health of the company as a motivational tool
Transparency in-lays illustrate the information flow of a worksheet
Updated and revised end-of-Chapter problems
Financial Statements
Feature Story on how adequate cash flow can make or break a business
New illustration on the relationship between the income statement and the balance sheet
New chart of net income and cash from operations from five restaurants and five hotel companies
Updated and revised end-of-Chapter problems
Financial Statement Analysis
This is a new Chapter to the Second Edition
Feature Story on Brinker International is used as an illustration of financial ratios
Added in a small independent restaurant is provided an example for statement analyses and ratios comparison
A Summary of Ratios table is included to group important concepts together
Landry's Restaurants, Inc.'s data is used as a demonstration problem
Accounting for Merchandising Operations in Hospitality
New Feature Story on e-commerce
New insight feature on sales returns
New ethics insight in the wake of Enron
Updated and revised end-of-Chapter problems
Inventories and Cost of Goods Calculation
New Feature Story on inventory valuation
Updated detailed examples and calculations are used to illustrate all methods of inventory valuation
Extensive discussion on the effects on errors in the inventory valuation process
Updated and revised end-of-Chapter problems
Internal Control and Cash
Feature Story on cash control in a coffee shop
New insight feature on fraud
New insight feature on computer fraud
New insight feature on results reported by the Association of Certified Fraud Examiners
Updated and revised end-of-Chapter problems
Payroll
New Feature Story on managing payroll
New regulations in the Fair Labor Standards Act, including websites
Now includes Sample Form 8027 Employer's Annual Information Return of Tip Income and Allocated Tips
Now includes Sample Form 4070 Employee's Report of Tips to Employer
8% tip allocation calculation is illustrated

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