The success of every business in the hospitality industry depends on maximizing revenues and minimizing costs. Hospitality Man-agement Accounting, 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. This accessible 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.
Martin G. Jagels is Professor Emeritus, School of Hotel, Restaurant, and Tourism at the University of South Carolina, and continues to teach hospitality accounting.
New to Edition
Detailed and consolidated coverage of straight-line, units-of-production, sum-of-the-year’s-digits, and double-declining depreciation methods
Updated material on inventory control methods, with emphasis on perpetual inventory
Extensive information on the use of computer applications and inventory control software
A sequential presentation of statement of cash flows and working capital
New end-of-chapter exercises and problems that have been thoroughly checked for accuracy
Features
Contains numerous pedagogical features in each chapter, including key terms, chapter summaries, exercises, problems and case studies
Accompanied by a complete ancillary package, including an instructor's manual and student workbook
Provides a consolidated, in-depth review of the fundamentals of accounting
Insight into the analysis and interpretation of financial statements
Statements of cash flows discussed alongside working capital
A cost-volume-profit approach to decision making and cost management
Detailed focus on the operating budget and cash budgeting
