Hospitality Management Accounting
The updated, classic text on managerial  accounting for hospitality businessesEvery dollar counts in the hospitality industry, which means revenues must be maximized and costs minimized. Hospitality Management Accounting, Eighth Edition, presents the fundamental concepts and analytical techniques required to take control of a real-world accounting system, evaluate the effectiveness of current and past operations, and manage finances effectively toward increased profits.Hospitality Management Accounting, Eighth Edition, continues to define managerial accounting with such features as:A consolidated, in-depth review of the fundamentals of accountingInsight into the analysis and interpretation of financial statementsA "bottom-up" approach to pricingStatements of cash flows discussed alongside working capitalA cost-volume-profit approach to decision making and cost managementDetailed focus on the operating budget and cash budgetingThis user-friendly text offers valuable preparation for the increasingly complex and competitive hospitality industry with hands-on coverage of computer applications and ethics situations focused on honing decision-making skills. Packed with accurate, up-to-date case studies, exercises, and problems, this Eighth Edition offers alternative solutions to provide a variety of problem-solving approaches.Hospitality Management Accounting, Eighth Edition, equips hospitality management students with the skills they need to take command of one of the most crucial aspects of managing in today’s hospitality industry.