Basic Management Accounting for the Hospitality Industry (Routledge-Noordhoff International Editions) - Softcover

Chibili, Michael

Softcover

ISBN 10: 9001867332 ISBN 13: 9789001867331

Publisher: Routledge, 2016

Synopsis

Basic Management Accounting for the Hospitality Industry uses a step by step approach to enable students to independently master the field.

This second edition contains many new themes and developments, including:

• the essence of the International Financial Reporting Standards (IFRS)
• integration of the changes caused by the evolution of the Uniform System of Accounts for the Lodging Industry (USALI)
• the extension of price elasticity of demand, and addition of income and cross elasticities
• the addition of break-even time (BET) as an additional method of analysing capital investments

Up-to-date and comprehensive coverage, this textbook is essential reading for hospitality management students.

PowerPoints and Worksheets for instructors are available at https://routledgetextbooks.com/textbooks/instructor_downloads/

About this title

About the Author

Michael Chibili

From the Back Cover

Basic Management Accounting for the Hospitality Industry uses a step by step approach to teach students about the concepts and applications of hospitality management accounting, and enables the students to independently master the content. The book deals with a range of topics: commencing with a basic introduction to management accounting; and ending with capital investment decisions.

Why Basic Management Accounting for the Hospitality Industry?

* English method focusing on non-native speakers;
* sector specific theory and content;
* supported by a website with extra study and teaching materials.

The objective of the author is to provide an introduction to the basic management accounting concepts and applications based on Einstein's maxim that "everything should be made as simple as possible, but no simpler". This choice of simplification is due to the fact that the level of English used in the text takes into consideration that a good proportion of students in hotel or tourism-related education use English as a second language. The approach used in the book makes it very comprehensible. It takes the students clearly and logically through the concepts and applications of hospitality management accounting, and enables them to independently master the content.

This second edition contains several new topics, including the IFRS, and has fully integrated the recent changes in the USALI and how these changes affect hospitality industry management accounting. The target group is hotel school students. The book is also available as an e-book.

Online extras

Additional study and teaching materials can be found on www.hospitalitymanagement.noordhoff.nl.

Edition details

• Publisher: Routledge
• Publication date: 2016
• Language: English
• ISBN 10: 9001867332
• ISBN 13: 9789001867331
• Binding: Paperback
• Edition number: 2
• Number of pages: 380