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Accounting Essentials for Hospitality Managers 4th edition [Kietas viršelis]

4.25/5 (4 ratings by Goodreads)
, (Griffiths University, Australia)
  • Formatas: Hardback, 380 pages, aukštis x plotis: 246x174 mm, weight: 880 g, 39 Tables, black and white; 22 Line drawings, black and white; 22 Illustrations, black and white
  • Išleidimo metai: 28-Feb-2022
  • Leidėjas: Routledge
  • ISBN-10: 103202433X
  • ISBN-13: 9781032024332
Kitos knygos pagal šią temą:
Accounting Essentials for Hospitality Managers 4th editionDidesnis paveikslėlis
  • Formatas: Hardback, 380 pages, aukštis x plotis: 246x174 mm, weight: 880 g, 39 Tables, black and white; 22 Line drawings, black and white; 22 Illustrations, black and white
  • Išleidimo metai: 28-Feb-2022
  • Leidėjas: Routledge
  • ISBN-10: 103202433X
  • ISBN-13: 9781032024332
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781032024332.html
Raktažodžiai:
"For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business. Yet having a grasp of accounting basics is a key part of management. Using an 'easy-to-read' style, this book provides a comprehensive overview of the most relevant accounting techniques and information for hospitality managers. It demonstrates how to organise and analyse accounting data to help make informed decisions with confidence. With its highly practical approach, this new 4th Edition: Quickly develops the reader's ability to adeptly use and interpret accounting information to enhance organisational decision making and control. Demonstrates how an appropriate analysis of financial reports can drive your businessstrategy forward from a well-informed base. Presents new accounting problems in the context of a range of countries and currencies throughout. Develops mastery of the key accounting concepts through financial decision making cases that take a hospitalitymanager's perspective on a range of issues. Includes accounting problems at the end of each chapter to be used to test knowledge and apply understanding to real life situations. Offers extensive web support for instructors and students that includes PowerPoint slides, solutions to end of chapter problems, test bank and additional exercises. The book is written in an accessible and engaging style and structured logically with useful features throughout to aid students' learning and understanding. It is a key resource for all future hospitality managers"--

Using an 'easy-to-read' style, this book provides a comprehensive overview of the most relevant accounting techniques and information for hospitality managers. It demonstrates how to organise and analyse accounting data to help make informed decisions with confidence.

List of figures
ix
List of tables
xi
List of boxes
xiii
List of exhibits
xv
List of financial decision-making and control in action cases
xvii
Preface xix
1 Introduction: hospitality decision-makers' use of accounting
1(17)
1 Introduction
1(1)
2 Key characteristics of the hospitality industry
2(4)
3 Accounting and business management
6(3)
4 Accounting and hospitality decision-makers
9(2)
5 Uniform system of accounts
11(2)
6 Organisational forms
13(2)
7 Summary
15(3)
2 Analysing transactions and preparing year-end financial statements
18(15)
1 Introduction
18(1)
2 The balance sheet and income statement
19(3)
3 Classifying transactions according to assets, liabilities and owners' equity
22(4)
4 The importance of understanding financial accounting basics
26(1)
5 Summary
27(6)
3 Double-entry accounting
33(15)
1 Introduction
33(1)
2 Double-entry accounting: some background concepts
33(3)
3 Double-entry accounting: a worked example
36(6)
4 Journal entries
42(1)
5 Summary
43(5)
4 Adjusting and closing entries
48(22)
1 Introduction
48(1)
2 Why do we need closing entries?
49(1)
3 Why do we need adjusting entries?
49(1)
4 Worked examples highlighting types of adjusting entry
50(11)
5 Summary
61(9)
5 Financial statement analysis
70(25)
1 Introduction
70(3)
2 Profit performance
73(6)
3 Financial stability
79(2)
4 Ratios using operational measures
81(4)
5 Summary
85(10)
6 Internal control
95(31)
1 Introduction
95(2)
2 Internal control principles
97(6)
3 Internal control procedures and specific hotel activities
103(5)
4 Bank reconciliation: an important internal control procedure
108(7)
5 Accounting for petty cash
115(2)
6 Summary and concluding comments
117(9)
7 Cost management issues
126(22)
1 Introduction
126(1)
2 Management's need for cost information
127(1)
3 Major cost classification schemes
128(11)
4 Qualitative and behavioural factors in management decisions
139(1)
5 Summary
139(9)
8 Cost-volume-profit analysis
148(17)
1 Introduction
148(1)
2 Contribution margin
149(2)
3 Breakeven analysis
151(7)
4 The assumptions of cost-volume-profit analysis
158(1)
5 Summary
158(7)
9 Budgeting and responsibility accounting
165(29)
1 Introduction
165(1)
2 Responsibility accounting
166(2)
3 Issues of cost, revenue, profit and investment centre design
168(7)
4 Roles of the budget
175(2)
5 Behavioural aspects of budgeting
177(4)
6 Technical aspects of budget preparation
181(4)
7 Summary
185(9)
10 Flexible budgeting and variance analysis
194(19)
1 Introduction
194(1)
2 Flexible budgeting
195(2)
3 Variance analysis
197(6)
4 Benchmarking
203(1)
5 Summary
204(9)
11 Performance measurement
213(21)
1 Introduction
213(1)
2 Shortcomings of conventional financial performance measures
214(2)
3 Key issues in performance measurement system design
216(7)
4 The balanced scorecard
223(7)
5 Summary
230(4)
12 Cost information and pricing
234(20)
1 Introduction
234(2)
2 Factors affecting pricing
236(2)
3 Traditionally applied pricing methods
238(10)
4 Summary
248(6)
13 Working capital management
254(23)
1 Introduction
254(1)
2 Cash management
255(7)
3 Accounts receivable management
262(3)
4 Inventory management
265(1)
5 Accounts payable management
266(2)
6 Working capital management
268(2)
7 Summary
270(7)
14 Investment decision-making
277(18)
1 Introduction
277(1)
2 Accounting rate of return
278(1)
3 Payback
279(1)
4 Net present value
280(5)
5 Internal rate of return
285(1)
6 Integrating the four investment appraisal techniques
286(2)
7 Summary
288(7)
15 Other managerial finance issues
295(28)
1 Introduction
295(1)
2 What should be the overriding business objective in financial management?
296(4)
3 Agency issues
300(6)
4 Trading shares in publicly listed companies
306(1)
5 Share valuation
306(2)
6 Dividends
308(4)
7 Operating and financial leverage
312(6)
8 Summary
318(5)
16 Revenue management
323(27)
1 Introduction
323(2)
2 Business characteristics conducive to revenue management application
325(2)
3 Demand forecasting
327(3)
4 Gauging a hotel's need for revenue management
330(4)
5 Revenue management system requirements
334(3)
6 Using rate categories and demand forecasts
337(1)
7 Length-of-stay controls
338(2)
8 Managing group bookings
340(2)
9 Revenue management implementation issues
342(1)
10 Words of caution in applying the revenue management philosophy
343(1)
11 Summary
344(6)
Solutions to the first three problems of each chapter 350(25)
Index 375
Chris Guilding has more than 30 years experience in academia. For 12 years, he was Professor of Hotel Management in the Department of Tourism, Sport and Hotel Management at Griffith University, Australia. His teaching specialism is in management accounting, and he has taught MBA, Masters in Hospitality Management, Professional Golfers Association and Australian Institute of Company Directors courses as well as undergraduate programmes. In addition to Australia, he has taught in Canada, Holland, Hong Kong, New Zealand, Singapore and the United Kingdom.

Kate Mingjie Ji is currently a senior lecturer in finance and revenue management at Oxford Brookes Business School, UK. She started her career as an auditor with PricewaterhouseCoopers. She has taught undergraduate and postgraduate finance and accounting courses at Macau University of Science and Technology and also the School of Hotel and Tourism Management at Hong Kong Polytechnic University. She is highly regarded by her students for her passionate approach to teaching.