Accounting essentials for hospitality managers / Chris Guilding

Includes bibliographical references and index.

Introduction : hospitality decision makers' use of accounting -- Analysing transactions and preparing year end financial statements -- Double entry accounting -- Adjusting and closing entries -- Financial statement analysis -- Internal control -- Cost management issues -- Cost-volume-profit analysis -- Budgeting and responsibility accounting -- Flexible budgeting and variance analysis -- Performance measurement -- Cost information and pricing -- Working capital management -- Investment decision making -- Other managerial finance issues -- Revenue management.

'Accounting Essentials for Hospitality Managers' is written specifically for those who need to be able to use valuable financial management tools and techniques to realise maximum profits. 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 information for hospitality managers. It demonstrates how to organise and analyse accounting data to help make informed decisions with confidence.