Accounting Essentials for Hospitality Managers

For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business, yet understanding is crucial for success. Using an 'easy to read' style, this book provides a comprehensive overview of the most relevant accounting information for hospitality managers. It demonstrates how to organise and analyse accounting data to help make informed decisions with confidence.

With its highly practical approach, this book:

• Quickly develops the reader's ability to adeptly use and interpret accounting information to further organisational decision making and control
• Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base
• Develops mastery of the key accounting concepts through financial decision making cases that take a hospitality manager's perspective on an issues
• Sets financial problems in the context of a range of countries and currencies
• Includes new material on supply chain management and working capital cycle, performance management, capital budgeting and green and sustainable finance to reflect developments in this area.
• Includes one new chapter on Other Financial Management Issues examining capital structure, profit maximisation, shares, risk and green finance
• Includes accounting problems at the end of each chapter to be used to test knowledge and apply understanding to real life situations.
• Offers extensive Web Support for tutors and students providing explanation and guidelines for instructors on how to use the textbook and examples, powerpoint slides, solutions to end of chapter problems, and student test bank and additional exercises

This book is written in an accessible and engaging style and structured logically with useful features throughout to aid students’ learning and understanding. This book is an essential resource for all future hospitality managers.