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      New Edition of Hotel and Restaurant Accounting Book Offers Readers Basic Foundation for Hospitality Accounting

      Lansing, Michigan, August 2011-The American Hotel & Lodging Educational Institute (AHLEI) has published a seventh edition of Hotel and Restaurant Accounting, by Raymond Cote, CPA, CCP. This introductory accounting textbook (formerly titled Basic Hotel and Restaurant Accounting) accentuates the interrelationship between business principles and accounting. The information presented is based on the most recent uniform systems of accounts for hotels and restaurants. It uses computerized general ledger accounting as the basis for processing financial data. The text also contains several introductory managerial accounting chapters to prepare readers for future accounting courses.

      The seventh edition includes new information on the role of accounting in successful business decision making, fair value accounting, feasibility studies, and buying a franchise. Two new chapters cover depreciation and amortization and business math for hospitality managers.

      Topics include:

      • Hospitality accounting principles
      • Specialized hotel accounting
      • Specialized restaurant accounting
      • Systems and procedures
      • Computer processing
      • Merchant accounts
      • Forecasting and budgeting
      • Starting a hospitality business

      A student workbook, Hotel and Restaurant Accounting, Exercises in Accounting, is also available for purchase. It features chapter-by-chapter activities related to the text, including multiple-choice, true/false, definitions, and computations. Students get practice with a variety of hotel and restaurant accounting procedures and transactions. A Solutions Manual is available at no charge to instructors.

      Hotel and Restaurant Accounting, Seventh Edition, is available for $69.95 AH&LA members and $99.95 for nonmembers. The student workbook is $36.95 for college students and AH&LA members; $66.95 for nonmembers. For more information or to order, call 800-752-4567 or 517-372-8800. Outside the U.S. and Canada, call 407-999-8100. Or visit www.ahlei.org.

      About the American Hotel & Lodging Educational Institute
      Established in 1953 as a nonprofit educational foundation of the American Hotel & Lodging Association, the Educational Institute’s mission is to continue being the preferred provider to the lodging industry, hospitality schools, and related hospitality industries by developing and providing quality resources to train, educate, and certify hospitality professionals worldwide.

      Elizabeth Johnson - ejohnson@ahla.com