Basic Management Accounting for the Hospitality Industry, 2nd Edition

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

Table of Contents

Chapter 1 Introduction To Management Accounting
Chapter 2 The Balance Sheet
Chapter 3 The Profit And Loss Account Statement
Chapter 4 Adjustments To The Balance Sheet And The Profit And Loss Account
Chapter 5 The Cash Flow Statement (Also Called The Statement Of Cash Flow)
Chapter 6 Analyzing Financial Statements
Chapter 7 Ratio Analysis And Types Of Ratios
Chapter 8 Management Of Working Capital
Chapter 9 Cost Management
Chapter 10 Pricing And Revenue Management
Chapter 11 Cost-Volume-Profit Analysis
Chapter 12 Internal Control
Chapter 13 Forecasting
Chapter 14 Budgeting And Variance Analysis
Chapter 15 Capital Investment Decisions