This textbook includes everything students will need to gain a clear understanding of managerial accounting in a hospitality setting. The contents have been updated to reflect the latest edition of the Uniform System of Accounts for the Lodging Industry. Chapters reflect new tax laws and the impact of the Sarbanes-Oxley Act, as well as the results of new survey research on updated practices in capital budgeting and leasing. Samples of actual statements and forms from hospitality organizations and new practice problems in every chapter give students valuable hands-on experience.
Students will learn to:
．Make effective choices based on the numbers that affect daily operations
．Develop on-target budgets and control cash flow
．Reach profit goals with the help of financial reports and other tools
．Apply the latest uniform systems of accounts for hotels and restaurants.
