Managerial Accounting for the Hospitality Industry
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Managerial Accounting for the Hospitality Industry
Dopson, Lea R.; Hayes, David K.
John Wiley & Sons Inc
09/2024
528
Mole
Inglês
9781119299653
15 a 20 dias
1021
Descrição não disponível.
About the Authors iii
Preface ix
1 Hospitality Industry Accounting 1
Unique Aspects of the Hospitality Industry 1
The Purpose of Accounting in the Hospitality Industry 3
Branches of Accounting 5
Why Hospitality Managers Use Managerial Accounting 11
The Uniform System of Accounts 13
Ethics and Hospitality Accounting 15
Apply What You Have Learned 19
Key Terms and Concepts 20
Test Your Skills 20
2 Accounting Fundamentals Review 24
Bookkeeping and Accounting 24
The Accounting Equation 26
Recording Changes to the Accounting Equation 27
Generally Accepted Accounting Principles 37
The Hospitality Business Cycle 48
Apply What You Have Learned 52
Key Terms and Concepts 52
Test Your Skills 53
3 The Income Statement 58
The Purpose of the Income Statement 58
Income Statement Preparation 63
Income Statement Analysis 83
Apply What You Have Learned 104
Key Terms and Concepts 104
Test Your Skills 105
4 The Balance Sheet 113
The Purpose of a Balance Sheet 113
Balance Sheet Formats 119
Components of the Balance Sheet 126
Balance Sheet Analysis 138
Apply What You Have Learned 144
Key Terms and Concepts 145
Test Your Skills 145
5 The Statement of Cash Flows 156
Understanding Cash Flows 157
The Purpose of the Statement of Cash Flows (SCF) 158
Sources and Uses of Funds 160
Creating the Statement of Cash Flows 167
Statement of Cash Flows Analysis 182
Apply What You Have Learned 185
Key Terms and Concepts 186
Test Your Skills 186
6 Ratio Analysis 196
Purpose and Value of Ratios 197
Types of Ratios 200
Comparative Analysis of Ratios 243
Ratio Analysis Limitations 245
Apply What You Have Learned 247
Key Terms and Concepts 247
Test Your Skills 248
7 Food and Beverage Pricing 258
Factors Affecting Menu Pricing 258
Assigning Menu Prices 262
Menu Price Analysis 269
Apply What You Have Learned 287
Key Terms and Concepts 287
Test Your Skills 288
8 Budgeting and Internal Controls 402
Importance of Budgets 403
Types of Budgets 405
Operations Budget Essentials 408
Developing an Operations Budget 409
Monitoring an Operations Budget 417
Cash Budgeting 427
Managing Budgets through Internal Control 434
Apply What You Have Learned 439
Key Terms and Concepts 440
Test Your Skills 440
9 Forecasting in the Hospitality Industry 373
The Importance of Accurate Forecasts 374
Forecast Methodology 376
Utilizing Trend Lines in Forecasting 393
Apply What You Have Learned 396
Key Terms and Concepts 397
Test Your Skills 397
10 Managerial Accounting for Costs 334
The Concept of Cost 334
Types of Costs 336
Cost/Volume/Profit Analysis 354
Apply What You Have Learned 362
Key Terms and Concepts 363
Test Your Skills 363
11 Revenue Management for Hotels 294
Establishing Room Rates 294
Revenue Management 307
Non-Room Revenue 320
Apply What You Have Learned 324
Key Terms and Concepts 324
Test Your Skills 325
12 Capital Investment, Leasing, and Taxation 450
Capital Budgeting 451
Capital Investment 454
Financing Alternatives 467
Taxation 475
Apply What You Have Learned 483
Key Terms and Concepts 484
Test Your Skills 484
Index 493
Preface ix
1 Hospitality Industry Accounting 1
Unique Aspects of the Hospitality Industry 1
The Purpose of Accounting in the Hospitality Industry 3
Branches of Accounting 5
Why Hospitality Managers Use Managerial Accounting 11
The Uniform System of Accounts 13
Ethics and Hospitality Accounting 15
Apply What You Have Learned 19
Key Terms and Concepts 20
Test Your Skills 20
2 Accounting Fundamentals Review 24
Bookkeeping and Accounting 24
The Accounting Equation 26
Recording Changes to the Accounting Equation 27
Generally Accepted Accounting Principles 37
The Hospitality Business Cycle 48
Apply What You Have Learned 52
Key Terms and Concepts 52
Test Your Skills 53
3 The Income Statement 58
The Purpose of the Income Statement 58
Income Statement Preparation 63
Income Statement Analysis 83
Apply What You Have Learned 104
Key Terms and Concepts 104
Test Your Skills 105
4 The Balance Sheet 113
The Purpose of a Balance Sheet 113
Balance Sheet Formats 119
Components of the Balance Sheet 126
Balance Sheet Analysis 138
Apply What You Have Learned 144
Key Terms and Concepts 145
Test Your Skills 145
5 The Statement of Cash Flows 156
Understanding Cash Flows 157
The Purpose of the Statement of Cash Flows (SCF) 158
Sources and Uses of Funds 160
Creating the Statement of Cash Flows 167
Statement of Cash Flows Analysis 182
Apply What You Have Learned 185
Key Terms and Concepts 186
Test Your Skills 186
6 Ratio Analysis 196
Purpose and Value of Ratios 197
Types of Ratios 200
Comparative Analysis of Ratios 243
Ratio Analysis Limitations 245
Apply What You Have Learned 247
Key Terms and Concepts 247
Test Your Skills 248
7 Food and Beverage Pricing 258
Factors Affecting Menu Pricing 258
Assigning Menu Prices 262
Menu Price Analysis 269
Apply What You Have Learned 287
Key Terms and Concepts 287
Test Your Skills 288
8 Budgeting and Internal Controls 402
Importance of Budgets 403
Types of Budgets 405
Operations Budget Essentials 408
Developing an Operations Budget 409
Monitoring an Operations Budget 417
Cash Budgeting 427
Managing Budgets through Internal Control 434
Apply What You Have Learned 439
Key Terms and Concepts 440
Test Your Skills 440
9 Forecasting in the Hospitality Industry 373
The Importance of Accurate Forecasts 374
Forecast Methodology 376
Utilizing Trend Lines in Forecasting 393
Apply What You Have Learned 396
Key Terms and Concepts 397
Test Your Skills 397
10 Managerial Accounting for Costs 334
The Concept of Cost 334
Types of Costs 336
Cost/Volume/Profit Analysis 354
Apply What You Have Learned 362
Key Terms and Concepts 363
Test Your Skills 363
11 Revenue Management for Hotels 294
Establishing Room Rates 294
Revenue Management 307
Non-Room Revenue 320
Apply What You Have Learned 324
Key Terms and Concepts 324
Test Your Skills 325
12 Capital Investment, Leasing, and Taxation 450
Capital Budgeting 451
Capital Investment 454
Financing Alternatives 467
Taxation 475
Apply What You Have Learned 483
Key Terms and Concepts 484
Test Your Skills 484
Index 493
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purpose; hospitality managers; uniform system; statement; cash flows; accounting; about; aspects; scf; uses; value; analysis; concept; importance; leasing
About the Authors iii
Preface ix
1 Hospitality Industry Accounting 1
Unique Aspects of the Hospitality Industry 1
The Purpose of Accounting in the Hospitality Industry 3
Branches of Accounting 5
Why Hospitality Managers Use Managerial Accounting 11
The Uniform System of Accounts 13
Ethics and Hospitality Accounting 15
Apply What You Have Learned 19
Key Terms and Concepts 20
Test Your Skills 20
2 Accounting Fundamentals Review 24
Bookkeeping and Accounting 24
The Accounting Equation 26
Recording Changes to the Accounting Equation 27
Generally Accepted Accounting Principles 37
The Hospitality Business Cycle 48
Apply What You Have Learned 52
Key Terms and Concepts 52
Test Your Skills 53
3 The Income Statement 58
The Purpose of the Income Statement 58
Income Statement Preparation 63
Income Statement Analysis 83
Apply What You Have Learned 104
Key Terms and Concepts 104
Test Your Skills 105
4 The Balance Sheet 113
The Purpose of a Balance Sheet 113
Balance Sheet Formats 119
Components of the Balance Sheet 126
Balance Sheet Analysis 138
Apply What You Have Learned 144
Key Terms and Concepts 145
Test Your Skills 145
5 The Statement of Cash Flows 156
Understanding Cash Flows 157
The Purpose of the Statement of Cash Flows (SCF) 158
Sources and Uses of Funds 160
Creating the Statement of Cash Flows 167
Statement of Cash Flows Analysis 182
Apply What You Have Learned 185
Key Terms and Concepts 186
Test Your Skills 186
6 Ratio Analysis 196
Purpose and Value of Ratios 197
Types of Ratios 200
Comparative Analysis of Ratios 243
Ratio Analysis Limitations 245
Apply What You Have Learned 247
Key Terms and Concepts 247
Test Your Skills 248
7 Food and Beverage Pricing 258
Factors Affecting Menu Pricing 258
Assigning Menu Prices 262
Menu Price Analysis 269
Apply What You Have Learned 287
Key Terms and Concepts 287
Test Your Skills 288
8 Budgeting and Internal Controls 402
Importance of Budgets 403
Types of Budgets 405
Operations Budget Essentials 408
Developing an Operations Budget 409
Monitoring an Operations Budget 417
Cash Budgeting 427
Managing Budgets through Internal Control 434
Apply What You Have Learned 439
Key Terms and Concepts 440
Test Your Skills 440
9 Forecasting in the Hospitality Industry 373
The Importance of Accurate Forecasts 374
Forecast Methodology 376
Utilizing Trend Lines in Forecasting 393
Apply What You Have Learned 396
Key Terms and Concepts 397
Test Your Skills 397
10 Managerial Accounting for Costs 334
The Concept of Cost 334
Types of Costs 336
Cost/Volume/Profit Analysis 354
Apply What You Have Learned 362
Key Terms and Concepts 363
Test Your Skills 363
11 Revenue Management for Hotels 294
Establishing Room Rates 294
Revenue Management 307
Non-Room Revenue 320
Apply What You Have Learned 324
Key Terms and Concepts 324
Test Your Skills 325
12 Capital Investment, Leasing, and Taxation 450
Capital Budgeting 451
Capital Investment 454
Financing Alternatives 467
Taxation 475
Apply What You Have Learned 483
Key Terms and Concepts 484
Test Your Skills 484
Index 493
Preface ix
1 Hospitality Industry Accounting 1
Unique Aspects of the Hospitality Industry 1
The Purpose of Accounting in the Hospitality Industry 3
Branches of Accounting 5
Why Hospitality Managers Use Managerial Accounting 11
The Uniform System of Accounts 13
Ethics and Hospitality Accounting 15
Apply What You Have Learned 19
Key Terms and Concepts 20
Test Your Skills 20
2 Accounting Fundamentals Review 24
Bookkeeping and Accounting 24
The Accounting Equation 26
Recording Changes to the Accounting Equation 27
Generally Accepted Accounting Principles 37
The Hospitality Business Cycle 48
Apply What You Have Learned 52
Key Terms and Concepts 52
Test Your Skills 53
3 The Income Statement 58
The Purpose of the Income Statement 58
Income Statement Preparation 63
Income Statement Analysis 83
Apply What You Have Learned 104
Key Terms and Concepts 104
Test Your Skills 105
4 The Balance Sheet 113
The Purpose of a Balance Sheet 113
Balance Sheet Formats 119
Components of the Balance Sheet 126
Balance Sheet Analysis 138
Apply What You Have Learned 144
Key Terms and Concepts 145
Test Your Skills 145
5 The Statement of Cash Flows 156
Understanding Cash Flows 157
The Purpose of the Statement of Cash Flows (SCF) 158
Sources and Uses of Funds 160
Creating the Statement of Cash Flows 167
Statement of Cash Flows Analysis 182
Apply What You Have Learned 185
Key Terms and Concepts 186
Test Your Skills 186
6 Ratio Analysis 196
Purpose and Value of Ratios 197
Types of Ratios 200
Comparative Analysis of Ratios 243
Ratio Analysis Limitations 245
Apply What You Have Learned 247
Key Terms and Concepts 247
Test Your Skills 248
7 Food and Beverage Pricing 258
Factors Affecting Menu Pricing 258
Assigning Menu Prices 262
Menu Price Analysis 269
Apply What You Have Learned 287
Key Terms and Concepts 287
Test Your Skills 288
8 Budgeting and Internal Controls 402
Importance of Budgets 403
Types of Budgets 405
Operations Budget Essentials 408
Developing an Operations Budget 409
Monitoring an Operations Budget 417
Cash Budgeting 427
Managing Budgets through Internal Control 434
Apply What You Have Learned 439
Key Terms and Concepts 440
Test Your Skills 440
9 Forecasting in the Hospitality Industry 373
The Importance of Accurate Forecasts 374
Forecast Methodology 376
Utilizing Trend Lines in Forecasting 393
Apply What You Have Learned 396
Key Terms and Concepts 397
Test Your Skills 397
10 Managerial Accounting for Costs 334
The Concept of Cost 334
Types of Costs 336
Cost/Volume/Profit Analysis 354
Apply What You Have Learned 362
Key Terms and Concepts 363
Test Your Skills 363
11 Revenue Management for Hotels 294
Establishing Room Rates 294
Revenue Management 307
Non-Room Revenue 320
Apply What You Have Learned 324
Key Terms and Concepts 324
Test Your Skills 325
12 Capital Investment, Leasing, and Taxation 450
Capital Budgeting 451
Capital Investment 454
Financing Alternatives 467
Taxation 475
Apply What You Have Learned 483
Key Terms and Concepts 484
Test Your Skills 484
Index 493
Este título pertence ao(s) assunto(s) indicados(s). Para ver outros títulos clique no assunto desejado.
