2nd Edition

Basic Management Accounting for the Hospitality Industry

By Michael Chibili Copyright 2017
380 Pages
by Routledge

380 Pages
by Routledge

Basic Management Accounting for the Hospitality Industry uses a step by step approach to enable students to independently master the field. This second edition contains many new themes and developments, including: the essence of the International Financial Reporting Standards (IFRS) integration of the changes caused by the evolution of the Uniform System of Accounts for the... Read more

1. Introduction to management accounting

2. The balance sheet

3. The profit and loss account statement

4. Adjustments to the balance sheet and the profit and loss account

5. The cash flow statement (also called the statement of cash flow)

6. Analyzing financial statements

7. Ratio analysis and types of ratios

8. Management of working capital

9. Cost management

10. Pricing and Revenue Management

11. Cost-volume-profit analysis

12. Internal control  Forecasting

14. Budgeting and variance analysis

15. Capital investment decisions

Biography

Michael Chibili