Managerial Accounting for the Hospitality Industry
by Lea R. Dopson (University of North Texas. Denton, Texas); David K. Hayes (Lansing, Michigan)Format: eBook
Pub. Date: 2008-12-01
Publisher(s): Wiley
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Summary
Though not all hospitality students want to be accountants, managerial accounting is a crucial skill for all hospitality students. Written for aspiring hospitality managers rather than accountants, this resource focuses on how accounting principles apply directly to hospitality management. With a reader-friendly style suitable for those with no prior accounting background, this book makes accounting fun with practical examples scattered throughout each chapter that clearly illustrate accounting concepts and theories. A running case study helps readers immediately apply what they ve learned to the types of key management decisions made at a full-service resort.
Table of Contents
| Preface | |
| Accounting Fundamentals | |
| Hospitality Industry Accounting | |
| Unique Aspects of the Hospitality Industry | |
| The Purpose of Accounting in the Hospitality Industry | |
| Branches of Accounting | |
| Why Hospitality Managers Use Managerial Accounting | |
| Uniform System of Accounts | |
| Ethics and Hospitality Accounting | |
| The Blue Lagoon Waterpark Resort: A Case Study | |
| Can You Do the Math? | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| Accounting Fundamentals Review | |
| Bookkeeping and Accounting | |
| The Accounting Formula | |
| Recording Changes to The Accounting Formula | |
| Generally Accepted Accounting Principles | |
| The Hospitality Business Cycle | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| Financial Statements | |
| The Income Statement | |
| The Purpose of the Income Statement | |
| Income Statement Preparation | |
| Income Statement Analysis | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| The Balance Sheet | |
| The Purpose of the Balance Sheet | |
| Balance Sheet Formats | |
| Balance Sheet Content | |
| Components of the Balance Sheet | |
| Balance Sheet Analysis | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| The Statement of Cash Flows | |
| Understanding Cash Flows | |
| The Purpose of the Statement of Cash Flows (SCF) | |
| Sources and Uses of Funds | |
| Creating the Statement of Cash Flows | |
| Statement of Cash Flows Analysis | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| Ratio Analysis | |
| Purpose and Value of Ratios | |
| Types of Ratios | |
| Comparative Analysis of Ratios | |
| Ratio Analysis Limitations | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| Management of Revenue and Expense | |
| Food and Beverage Pricing | |
| Factors Affecting Menu Pricing | |
| Assigning Menu Prices | |
| Menu Price Analysis | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| Revenue Management for Hotels | |
| Overview | |
| Establishing Room Rates | |
| Revenue Management | |
| Non-Room Revenue | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| Managerial Accounting for Costs | |
| The Concept of Cost | |
| Types of Costs | |
| Cost/Volume/Profit Analysis | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| Accounting Information for Planning | |
| Forecasting In the Hospitality Industry | |
| Overview | |
| The Importance of Accurate Forecasts | |
| Forecast Methodology | |
| Utilizing Trend Lines in Forecasting | |
| Review of Learning Outcomes | |
| Apply What You Have Learned | |
| Key Terms and Concepts | |
| Test Your Skills | |
| Budgeting and Internal Controls | |
| The Importance of Budgets | |
| Types of Budgets | |
| Operations Budget Essentials | |
| Developing an Operations Budget | |
| Monitoring an Operations Budget | |
| Cash Budgeting | |
| Managing Budgets through Internal Controls | |
| Apply What You have Learned | |
| Key terms and Concepts | |
| Test Your Skills | |
| Capital Investment, Leasing, and Taxation | |
| Capita | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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