Hospitality Industry Managerial Accounting eBook:

The ninth edition of Hospitality Industry Managerial Accounting presents managerial accounting concepts and explains how they apply to specific operations within the hospitality industry.

• Income Statements Features various schedules from the Uniform System of Accounts for the Lodging Industry, including income statements for restaurants and clubs.
• Ratio Analysis Discover the new section on flow-through and flex ratios. Learn to interpret its purpose, source of data needed for the calculation and the formulas by which they are calculated from varying viewpoints of owners, creditors and managers.
• Basic Cost Concepts Identify how managers determine the relevant costs in particular decision-making situations, including new concepts on out-of-pocket costs and activity-based costing (ABC).
• Internal Control Discusses various accounting functions, including cash receipts, cash disbursements, accounts receivable, accounts payable, inventories, payroll, fixed assets, marketable securities and the Sarbanes-Oxley Act of 2002. A new section covering technology in internal control is also included.
• Lease Accounting Enhanced material on lease accounting, including updated illustrations of accounting for various types of leases.

Each chapter begins by posing several questions that managers in the hospitality industry may have regarding accounting concepts that will be developed within the chapter. At the close of each chapter, there are several review questions and a set of problems, designed to test the reader’s understanding of the concepts covered within the chapter. Some chapters are followed by appendices that present more detailed approaches to concepts mentioned in the text.

Authors: Ray Schmidgall, Ph.D., CPA and Agnes, DeFranco, E.D.

©2023, 15 Chapters

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