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Hospitality Financial Accounting, 2nd Edition

ISBN: 978-0-470-18502-5

February 2008

544 pages

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Description
As the hospitality field continues to grow and diversify, today’s hospitality professionals need to understand financial accounting at a higher level than ever before. Written by some of the most respected authors in accounting, Hospitality Financial Accounting, Second Edition gives a complete introduction to financial accounting principles and demonstrates how to apply them to all facets of the hospitality industry.

Updated with the latest developments in the accounting and hospitality fields,Hospitality Financial Accounting, Second Edition covers the basics of financial accounting first and then shows hospitality students how to analyze financial statements and deal with the daily issues they will face on the job.

About the Author

Jerry J. Weygandt, Ph.D., C.P.A., is the Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin–Madison.

Donald E. Kieso, Ph.D., C.P.A., is the KPMG Emeritus Professor of Accounting at Northern Illinois University.

Paul D. Kimmel, Ph.D., C.P.A., is an Associate Professor of Accounting at the University of Wisconsin–Milwaukee.

Agnes L. DeFranco, Ed.D., C.H.E., is a Professor in the Conrad N. Hilton School of Hotel and Restaurant Management at the University of Houston.

New to Edition
  • Features a new dedicated chapter on financial statement analysis
  • Includes actual financial statements of PepsiCo are included and referred to throughout
  • New case studies cover a variety of hospitality enterprises doing business today
  • The view of the hospitality industry is expanded to such businesses as casinos, spas, and purveyors
  • Features an expanded section on ethics with real-world cases
  • Provides new Accounting in Action vignettes from hospitality and online companies support the concepts being discussed
  • Applied exercises that demonstrate the relevance of accounting to hospitality businesses
  • Appendices that discuss subsidiary ledgers and special journals
  • All end-of-chapter exercises have been revised and updated, and new ones added
Features
  • Adapted from the market-leading textbook on financial accounting
  • Offers material on accounting and the hospitality industry, payroll, and the uniform system of accounts and financial reporting
  • Presents full-color interior with strong pedagogy, including Feature Stories, Chapter Objectives, Chapter Preview, Key Terms and Equations, Before You Go On practice problems, Technology box feature, and International Notes
  • Includes Demonstration Problems that give immediate practice, Financial Reporting Problems that use the PepsiCo financial statement, and Group Decision Cases that develop teamwork and group decision making skills
  • Features applied, user-oriented exercises that demonstrate the relevance of accounting to hospitality students
  • Includes scores of helpful drawings, charts, and tables
  • Utilizes a learning system called The Navigator that provides a checklist of the learning aides and study skills in each chapter, enabling students to set priorities and check their progress
  • Student website with review questions, self-study questions, and additional practice exercises