Basic management accounting for the hospitality industry
Chibii, Michael N.Unknown
Routledge (New York, 2016) (eng) English9781138135215Unknown1st ed.HOSPITALITY INDUSTRY-MANAGEMENT; UnknownBasic Management Accounting for the Hospitality Industry deals with a range of topics: commencing with a basic introduction to management accounting; and ending with capital investment decisions.
The objective of the book 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 reader clearly and logically through the concepts and applications of hospitality management accounting.
Online extras
Additional study and teaching materials can be found on www.hospitalitymanagement.noordhoff.nl
Physical dimension
354 p.25 cm.ill.
Summary / review / table of contents
1. Introduction to Management Accounting
2. The Balance Sheet
3. The Profit and Loss Account Statement
4. Adjustments to the Balance Sheet and the Profit and Loss Account
5. The Cash Flow Statement
6. Analyzing Financial Statement
7. Ratio Analysis and Types of Ratios
8. Management of Working Capital
9. Cost Management
10. Pricing and Revenue Management
11. Cost-Volume-Profit Analysis
12. Internal Control
13. Forecasting
14. Budgeting and Variance Analysis
15. Capital Investment Decisions