ACCOUNTING AND FINANCIAL ANALYSIS IN THE HOSPITALITY INDUSTRY, 1/e explains how to use numbers and fundamental accounting to operate a successful hospitality department or business. Focusing on the basics, sections progress from accounting and financial analysis to financial statements and management reports to budgeting and forecasting. Throughout the book current hospitality examples, photographs and illustrations are used. This edition includes the latest from theUniform System of Accounts for the Lodging Industry, Tenth Revised Edition, expanded material on Department Profit and Loss Statements, coverage of the 2009 recession and new practice exercises throughout. MARKET: For courses in Hospitality Managerial Accounting.
Table of Contents
PART I: CREATING A FOUNDATION 1. Introduction to Numbers, Accounting, and Financial Analysis 2. Foundations of Financial Analysis 3. Accounting Department Organization and Operations PART II: FINANCIAL STATEMENTS AND MANAGEMENT REPORTS 4. The Profit and Loss Statement ( P & L) 5. The Balance Sheet ( A&L) and Statement of Cash Flow 6. Hotel Management Reports 7. Revenue Management 8. Comparison Reports and Financial Analysis PART III: BUDGETS AND FORECASTS 9. Budgets 10. Forecasting-A Very Important Management Tool PART IV: OTHER FINANCIAL INFORMATION 11. Corporate Annual Reports 12. Personal Financial Literacy GLOSSARY INDEX