The success of every business in the hospitality industry depends on maximizing revenues and minimizing costs. This Ninth Edition continues its time-tested presentation of fundamental concepts and analytical techniques that are essential to taking control of real-world accounting systems, evaluating current and past operations, and effectively managing finances toward increased profits. It offers hands-on coverage of computer applications and practical decision-making skills to successfully prepare readers for the increasingly complex and competitive hospitality industry.
From the Back Cover:
Hospitality Management Accounting, Ninth Edition continues to define managerial accounting with new features, such as:
* Detailed and consolidated coverage of straight-line, units-of-production, sum-of-the-year’s-digits, and double-declining-balance depreciation methods
Hospitality Management Accounting, Ninth Edition offers hands-on coverage of computer applications and practical decision-making skills to successfully prepare readers for the increasingly complex and competitive hospitality industry.
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Hospitality Industry Managerial Accounting, Sixth edition includes everything readers will need to gain a clear understanding of managerial accounting in a hospitality setting.
This edition has been updated to reflect the latest edition of the Uniform System of Accounts for the Lodging Industry.
Chapters reflect new tax laws and the impact of the Sarbanes-Oxley Act, as well as the results of new survey research on updated practices in capital budgeting and leasing. Samples of actual statements and forms from hospitality organizations and new practice problems in every chapter give readers valuable hands-on experience.
1. Introduction to Managerial Accounting
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