Hospitality Management Accounting Student Workbook and Study Guide offers hands-on coverage of computer applications and practical decision-making skills to successfully prepare readers for the increasingly complex and competitive hospitality industry.

Features:

• Detailed and consolidated coverage of straight-line, units-of-production, sum-of-the-year's-digits, and double-declining-balance depreciation methods
• Updated material on inventory control methods, with emphasis on perpetual inventory
• A sequential presentation of statement of cash flows and working capital
• New end-of-chapter exercises and problems

Contents

1. Hospitality financial accounting review
2. Understanding financial statements
3. Analysis and interpretation of financial statements
4. Ratio analysis
5. Internal control
6. The bottom up approach to pricing
7. Cost management
8. The CVP approach to decisions
9. Operations budgeting
10. Statement of cash flows and working capital
11. Cash management
12. Capital budgeting and the investment decision
13. Feasibility studies—an introduction
14. Financial goals and information systems

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