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Accounting Essentials for Hospitality Managers

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ISBN-10: 0415841097

ISBN-13: 9780415841092

Edition: 3rd 2014 (Revised)

Authors: Chris Guilding

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For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business, yet understanding is crucial for success. Using an 'easy to read' style, this book provides a comprehensive overview of the most relevant accounting information for hospitality managers. It demonstrates how to organise and analyse accounting data to help make informed decisions with confidence. With its highly practical approach, this new Edition: Quickly develops the reader's ability to adeptly use and interpret accounting information to further organisational decision making and control Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base Develops mastery of the key accounting concepts through financial decision making cases that take a hospitality manager's perspective on an issues Sets financial problems in the context of a range of countries and currencies Contains new material on supply chain management and working capital cycle, performance management, capital budgeting and green and sustainable finance to reflect developments in this area Includes one new chapter on Other Financial Management Issues examining capital structure, profit maximisation, shares, risk and green finance Includes accounting problems at the end of each chapter to be used to test knowledge and apply understanding to real life situations Offers extensive Web Support for tutors and students providing explanation and guidelines for instructors on how to use the textbook and examples, powerpoint slides, solutions to end of chapter problems, and student test bank and additional exercises This book is written in an accessible and engaging style and structured logically with useful features throughout to aid students' learning and understanding. It is an essential resource for all future hospitality managers.
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Book details

Edition: 3rd
Copyright year: 2014
Publisher: Taylor & Francis Group
Publication date: 12/24/2013
Binding: Paperback
Pages: 362
Size: 7.50" wide x 9.50" long x 0.75" tall
Weight: 1.804
Language: English

Introduction: Hospitality Decision Makers' Use of Accounting
Analysing Transactions and Preparing Year End Financial Statements
Double Entry Accounting
Adjusting and Closing Entries
Financial Statement Analysis
Internal Control
Cost Management Issues
Cost-Volume-Profit Analysis
Budgeting and Responsibility Accounting
Flexible Budgeting and Variance Analysis
Performance Measurement
Cost Information and Pricing
Working Capital Management
Investment Decision Making
Other Managerial Finance Issues
Revenue Management