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