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Preface | |
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Accounting Fundamentals | |
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Hospitality Industry Accounting | |
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Unique Aspects of the Hospitality Industry | |
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The Purpose of Accounting in the Hospitality Industry | |
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Branches of Accounting | |
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Why Hospitality Managers Use Managerial Accounting | |
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The Uniform System of Accounts | |
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Ethics and Hospitality Accounting | |
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The Blue Lagoon Water Park Resort: A Case Study | |
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Can You Do the Math? | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Accounting Fundamentals Review | |
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Bookkeeping and Accounting | |
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The Accounting Formula | |
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Recording Changes to The Accounting Formula | |
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Generally Accepted Accounting Principles | |
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The Hospitality Business Cycle | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Financial Statements | |
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The Income Statement | |
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The Purpose of the Income Statement | |
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Income Statement Preparation | |
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Income Statement Analysis | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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The Balance Sheet | |
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The Purpose of the Balance Sheet | |
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Balance Sheet Formats | |
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Balance Sheet Content | |
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Components of the Balance Sheet | |
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Balance Sheet Analysis | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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The Statement of Cash Flows | |
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Understanding Cash Flows | |
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The Purpose of the Statement of Cash Flows | |
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Sources and Uses of Funds | |
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Creating the Statement of Cash Flows | |
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Statement of Cash Flows Analysis | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Ratio Analysis | |
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Purpose and Value of Ratios | |
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Types of Ratios | |
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Comparative Analysis of Ratios | |
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Ratio Analysis Limitations | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Management of Revenue and Expense | |
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Food and Beverage Pricing | |
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Factors Affecting Menu Pricing | |
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Assigning Menu Prices | |
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Menu Price Analysis | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Revenue Management for Hotels | |
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Establishing Room Rates | |
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Revenue Management | |
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Non-Room Revenue | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Managerial Accounting for Costs | |
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The Concept of Cost | |
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Types of Costs | |
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Cost/Volume/Profit Analysis | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Accounting Information for Planning | |
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Forecasting in the Hospitality Industry | |
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The Importance of Accurate Forecasts | |
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Forecast Methodology | |
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Utilizing Trend Lines in Forecasting | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Budgeting and Internal Controls | |
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The Importance of Budgets | |
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Types of Budgets | |
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Operations Budget Essentials | |
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Developing an Operations Budget | |
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Monitoring an Operations Budget | |
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Cash Budgeting | |
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Managing Budgets through Internal Controls | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Capital Investment, Leasing, and Taxation | |
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Capital Budgeting | |
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Capital Investment | |
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Financing Alternatives | |
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Taxation | |
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Apply What You Have Learned | |
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Key Terms and Concepts | |
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Test Your Skills | |
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Glossary | |
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About the Authors | |
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Index | |