by Elisa S. Moncarz
and Nestor de J. Portocarrero

Features

• Step-by-step analysis of the different stages of the accounting cycle
• Discussion of the appropriate provisions of the wage-hour law and tax laws
• Emphasis on the "why" and "how" of accounting concepts and procedures
• A thorought review of the financial statements and footnotes of an actual company in the hospitality industry
• and much, much more!

Financial Accounting for Hospitality Management is tailored for the special needs of the hospitality service industries and designed to provide a proper merging of basic accounting theory and practice.

This reference will help you gain insight into accounting aspects as well as develop a better understanding of the uses of accounting information, providing a basic groundwork for the accounting process. It contains an extensive glossary and index enabling readers to locate key accounting and business terms easily.

Financial Accounting for Hospitality Management is indispensable to those in the hospitality service industries as it recognizes their unique needs!

Contents

1. The Accounting Framework
   • Accounting as the Basis for Management Decisions
   • Basic Accounting Concepts
   • Measuring Business Income: Basic Concepts
   • Types of Business Organizations
2. Accounting Cycle and Procedures
   • Processing Business Transactions
   • Journalizing, Posting, and Taking a Trial Balance
   • Adjusting the Trial Balance: The Financial Statement Worksheet
   • Completing the Accounting Cycle
   • Special-Purpose Journals and Subsidiary Ledgers
   • Payroll Accounting
3. Financial Statements
   • The Balance Sheet
   • The Statement of Income
   • Financial Statements of a Major Hospitality Firm
4. Selected Topics
   • Property and Equipment
   • Inventories
   • Receivables and Payables
   • Corporation Accounting
   • Responsibility Accounting
   • Understanding Financial Statements

Appendix
Glossary
Index

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