Accounting and Financial Management: 1st Edition (Hardback) book cover

Accounting and Financial Management

1st Edition

By Peter Harris, Marco Mongiello

Routledge

496 pages

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pub: 2006-03-02
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Description

Accounting and Financial Management: developments in the international hospitality industry presents new and innovative research and developments in the field of accounting and financial management as it relates to the work of managing enterprises and organisations in the international hospitality industry.

The content contains contributions from a rich source of international researchers, academics and practitioners including, university and college lecturers, professional accountants and consultants and senior managers involved in a wide range of teaching, scholarship, research, and consultancy in the hospitality industry worldwide. The material is drawn from their work and experience and relates directly to the management of hospitality undertakings. Therefore the up to date case studies and examples used are taken from a wide ranging of companies across the industry including large international chains such as Sheraton, Holiday Inn, and Intercontinental.

Divided into three parts: Performance Management, Information Management and Asset Management the book tackles the following issues amongst others:
* Performance management in the international hospitality industry
* Benchmarking: measuring financial success
* The profit planning framework
* Making room rate pricing decisions
* Hotel asset management UK and US perspectives
* Lowering risk to enhance hospitality firm value

Accounting and Financial Management: developments in the international hospitality industry presents current developments drawn from a combination of live fieldwork and practical experience and therefore will content will appeal to a wide-ranging readership including practising managers and financial controllers in hospitality organisations, professional accountants and consultants, postgraduate candidates studying for master's degrees in hospitality management, and final year undergraduate students of hospitality management who elect to take an accounting option.

Reviews

"…the managers should be reading this." - Accounting Today, Sept. 17, 2006

"As a whole, the book excellently serves its primary objective of presenting new research and developments in hospitality accounting and financial management. The targeted readers of hospitality managers, professional accountants and consultants, students, educators, and researchers will find the book a perfect reference to enhance their knowledge of the latest developments in the field."
Rob Law, School of Hotel and Tourism Management, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong

"This is a book that every hotelier should have in his office for references. Several parts of the "Accounting and Financial Management"
section cover 360° our new global hotel world, from Productivity & Performances to Asset Management & Benchmarking.

This book is very informative and the captivating style kept my interest alive from the beginning to the end.

Peter Harris & Marco Mongiello have conducted an outstanding overview of the hotel global economy and I have been able to better understand some of the economic forces that drive our hotel business."
Mr Emanuele Nasi General Manager of
Sheraton Roma Hotel & Conference Center

Table of Contents

Part A: Performance Management

1. Performance measurement in independent hotels.
Mine Haktanir, PhD
Assistant Professor and Lecturer in School of Tourism and Hospitality Management, Eastern Mediterranean University,
Turkish Republic of Northern Cyprus.

2. Productivity in the hospitality industry: how to measure productivity and improve process management.
Pekka Heikkilä, MSc (econ.) Certified HTM-Auditor (Finland)
Lecturer in Business Accounting,
Haaga Institute Polytechnic, Helsinki, Finland.
and
Timo Saranpää, MSc (econ.)
Managing director, Sadanpaamies consulting
Lecturer in Business Accounting
Haaga Institute Polytechnic, Helsinki, Finland

3. Performance management in the international hospitality industry.
Helen Atkinson MBA, BA(Hons) ACMA HCIMA ABHA
Principal Lecturer in Accounting
School of Service Management
University of Brighton, UK.

4. Budgetary practice within the hospitality industry.
Tracy Jones, BSc, MPhil, MHCIMA
Principal Lecturer in Accounting
Cheltenham and Glocestershrie Univeristy, UK

5. Benchmarking: measuring financial success in the hotel industry.
Agnes Lee DeFranco, PhD, CHE, CHAE
Professor, Conrad N. Hilton College of Hotel & Restaurant Management University of Houston, USA

6. Developing a benchmarking methodology for the hotel industry.
Peter Harris
Professor of Accounting
Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University
and
Marco Mongiello, PhD, BA, ICA(Italy), ABHA
Principal Lecturer in Accounting and Finance
Harrow Business School, University of Westminster, UK.



Part B: Information Management

7. The profit planning framework: applying marginal accounting techniques to hospitality services.
Peter Harris
Professor of Accounting
Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

8. Cross-border reporting for performance evaluation.
Ian Graham, BA
Managing Director of The Hotel Solutions Partnership Ltd
Kings Langley, UK

9. Cost analysis in hotel industry: an ABC customer focused approach and the case of joint revenues.
Paolo Collini, PhD, MBA
Professor in Management Accounting and Strategic Management
University of Trento, ITALY

10. Customer profitability in a hotel context.
Vira Krakhmal, MSc, BA, ABHA
Senior Lecturer and Postgraduate Researcher
Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

11. Room rate pricing: a resource-advantage perspective.
Jean-Pierre I. van der Rest, MA, BBA
Lecturer in Business Economics and Strategic Marketing
Leiden University, NL

12. The relevance of restaurant accounting systems.
Tommy D. Andersson, PhD
Professor of Tourism Management,
School of Business, Economics and Law at
Goteborg University, Sweden

13. Environmental accounting: reflecting environmental information in accounting systems.
Rebecca Hawkins, PhD, BA
Freelance Consultant and Research and Consultancy Fellow
Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

14. Hotel unit financial management: does it have a future?
Cathy Burgess, MPhil, CDipAF, FBHA, FHCIMA
Senior Lecturer in Accounting for the Hospitality Industry
Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University



Part C: Asset Management

15. Hotel asset management: will a North American phenomenon expand internationally?
Paul Beals, PhD
Visiting Professor of Hotel Real Estate and Finance,
IMHI-ESSEC Business School,
Cergy-Pontoise, France

16. Hotel asset management: European principles and practice.
Geoff S. Parkinson, BSc, FCA, FHCIMA, FBHA
Managing Director
Hotel investment Advisors, UK

17. A management accounting perspective on hotel outsourcing.
Dawne Lamminmaki, PhD, BCom, MBA, CMA
Lecturer in Accounting,
Graduate School of Management
Griffith University - Gold Coast, AUSTRALIA

18. Sale and leaseback transactions in the hospitality industry.
Charles Whittaker, BSc (Econ), FCA, MA
Senior Lecturer in Hospitality
Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

19. Hospitality firm risk determinants and value enhancement.
Zheng Gu, PhD, BS, MA
Professor in Hospitality Finance & Accounting
University of Nevada, Las Vegas

20. Investment appraisal issues arising in hotels governed by management contract.
Chris Guilding
Professor in Tourism, Leisure, Hotel and Sport Management
Director, Service Industry Research Centre
Griffith University, AUSTRALIA

21. Autonomy and control in managing network organizations: the case of multinational hotel companies.
Marco Mongiello, PhD, BA, ICA(Italy), ABHA
Principal Lecturer in Accounting and Finance
Harrow Business School, University of Westminster, UK.
and
Peter Harris
Professor of Accounting
Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

22. Career directions in financial management in the hospitality industry.
Howard Field FCA FHCIMA FBHA
Hotel Industry Advisor, Director of FM Recruitment
and Visiting Fellow Oxford Brookes University

Subject Categories

BISAC Subject Codes/Headings:
BUS041000
BUSINESS & ECONOMICS / Management
BUS081000
BUSINESS & ECONOMICS / Industries / Hospitality, Travel & Tourism