Makes key concepts accessible! For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business, yet it is vital for success. Accounting Essentials for Hospitality Managers is written specifically for those who need to be able to use valuable financial management tools and techniques to realise maximum profits. Highly practical in approach, this book: Outlines the procedure and purpose behind various financial activities - including budgeting, year-end financial statement analysis, double-entry accounting, managing and analysing costs, working capital management, and investment decision making Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward froma well-informed base Clearly highlights the key financial issues you need to consider in a host of decision making situations Includes a range of problems to help readers appraise their understanding of concepts At all times, this accessible book looks at the specific needs of the hospitality manager, contextualising and explaining financial decision making and control in this light. Combining a user-friendly structure with frequent international cases, worked examples and sample reports to illuminate the theory, this book is ideal for allstudents and practioners.T his edition of the book contains two new chapters:chapter 6 which is concerned with internal control and chapter 11 which is concerned with performance measurement. The number of problems appearing at the end of each chapter has also been expanded to a minimum of 10. For each chapter, solutions for the first three problems are provided at the back of the book. This is a self-help feature designed to further facilitate learning and enable students to appraise their understanding of concepts covered by the book. There is a tutor resource material available. Lecturers can request access to download this material by going to http://textbooks.elsevier.com to request access. includes two new chapters on internal control and performance management,covering the increasingly important balanced scorecard develops mastery of the key accounting concepts through financial decision making cases that take a hospitality manager's perspective on an issue develops familiarity of financial problems in the context of a range of countries and currencies, including coverage of key accounting terms and financial statement types used in differentcountries makes key concepts accessible
- ISBN: 978-1-85617-667-5
- Editorial: Elsevier
- Encuadernacion: Rústica
- Páginas: 360
- Fecha Publicación: 16/03/2009
- Nº Volúmenes: 1
- Idioma: Inglés