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This textbook includes everything readers need to gain a clear understanding of managerial accounting in a hospitality setting. Readers will learn how to make effective choices based on the numbers that reflect daily operations, develop on-target budgets, control cash flow, and reach profit goals with the help of financial reports and other tools.
The eighth edition reflects changes based on the 11th Revised Edition of the Uniform System of Accounts for the Lodging Industry that went into effect in January 2015, as well as major changes made to tax laws since the previous edition. Information on pricing and balance sheets has been updated, and industry statistics reflect hospitality data current at the time of publication.
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Author: Raymond S. Schmidgall, Ph.D., CPA
©2016; 15 Chapters, ebook