Hospitality Management Accounting - Hardcover

Coltman, Michael M.

Hardcover

ISBN 10: 0471287997 ISBN 13: 9780471287995

Publisher: John Wiley & Sons, 2000

Synopsis

A textbook for students of management accounting in hospitality programmes, this work teaches the basics of managerial accounting from the perspective of the hospitality industry. It features: discussion of ethics in each chapter; examples and analysis of real financial statements from hospitality companies; material on yield management and menu engineering; and information on computer applications. Supplements include an Instructor's Manual, Test Bank Generator software and a Student Study Guide.

About this title

From the Back Cover

CRUCIAL ACCOUNTING SKILLS FOR THE HOSPITALITY PROFESSIONAL

In the fast–growing and increasingly competitive hospitality industry, every business is under extreme pressure to maximize revenue and minimize costs simply to maintain existing profit levels. Hospitality Management Accounting, Seventh Edition gives students a firm grounding in the fundamental concepts and analytical techniques they will need as professionals to take direct control of an accounting system and evaluate the effectiveness of current and past operations.

Filled with case studies, expanded exercise and problem sections, and alternative solution sets that provide multiple problem–solving approaches, this updated new edition is the only text in the field that covers credit card receivables. It features an extensive review of accounting systems and a special section on the use of computers in the hospitality industry.

Important topics covered in this text include:
∗ Understanding, analyzing, and interpreting financial statements
∗ Ratio analysis and internal control
∗ The "bottom up" approach to pricing
∗ Cost management and the cost volume profit approach to decisions
∗ Operations budgeting and cash budgeting
∗ Statement of cash flows and working capital

Hospitality Management Accounting, Seventh Edition equips hospitality management and culinary students with the skills they need to take command of one of the most crucial aspects of the management of any hospitality business.

About the Author

MICHAEL M. COLTMAN was chair of the Department of Hospitality and Tourism Administration at the British Columbia Institute of Technology until his retirement. MARTIN G. JAGELS is Professor Emeritus, School of Hotel, Restaurant, and Tourism at the University of South Carolina, and continues to teach hospitality accounting.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2000
• Language: English
• ISBN 10: 0471287997
• ISBN 13: 9780471287995
• Binding: Hardcover
• Edition number: 6
• Number of pages: 608