Accounting Essentials for Hospitality Managers

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A01=Chris Guilding
A01=Kate Mingjie Ji
Accounts Receivable Turnover
asset
Author_Chris Guilding
Author_Kate Mingjie Ji
average
Average Room Rate
Bank Reconciliation Statement
Budgeted Income Statements
budgeting techniques
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Closing Entries
cost
cost control strategies
Debit Balance
Double Entry
Double Entry Accounting
Double Entry Accounting System
Double Entry Bookkeeping
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financial decision making hospitality
financial statement analysis
Fixed Costs
Flexible Budget
hospitality finance
Hotel Performance
internal controls hospitality
Investment Appraisal Techniques
managerial accounting
nancial
nights
Occupancy Level
rate
receivable
Retained Earnings Account
Revenue Management
Revenue Management System
room
Room Night
Room Rate Discount
Room Rates
Room Sales
Rooms Division Manager
Seat Turnover
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Target Profit Level
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Product details

  • ISBN 9781032024332
  • Weight: 880g
  • Dimensions: 174 x 246mm
  • Publication Date: 28 Feb 2022
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business. Yet having a grasp of accounting basics is a key part of management. Using an easy-to-read style, this book provides a comprehensive overview of the most relevant accounting techniques and 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 new fourth edition:

  • Quickly develops the reader’s ability to adeptly use and interpret accounting information to enhance organisational decision-making and control.
  • Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base.
  • Presents new accounting problems in the context of a range of countries and currencies throughout.
  • Develops mastery of the key accounting concepts through financial decision-making cases that take a hospitality manager’s perspective on a range of issues.
  • 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 instructors and students that includes PowerPoint slides, solutions to end-of-chapter problems, a test bank and additional exercises.

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

Chris Guilding has more than 30 years’ experience in academia. For 12 years, he was Professor of Hotel Management in the Department of Tourism, Sport and Hotel Management at Griffith University, Australia. His teaching specialism is in management accounting, and he has taught MBA, Masters in Hospitality Management, Professional Golfers Association and Australian Institute of Company Directors courses as well as undergraduate programmes. In addition to Australia, he has taught in Canada, Holland, Hong Kong, New Zealand, Singapore and the United Kingdom.

Kate Mingjie Ji is currently a senior lecturer in finance and revenue management at Oxford Brookes Business School, UK. She started her career as an auditor with PricewaterhouseCoopers. She has taught undergraduate and postgraduate finance and accounting courses at Macau University of Science and Technology and also the School of Hotel and Tourism Management at Hong Kong Polytechnic University. She is highly regarded by her students for her passionate approach to teaching.

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