Management Accounting for Hotels and Restaurants (e-Book) book cover

Management Accounting for Hotels and Restaurants

By Richard Kotas

© 1991 – Routledge

337 pages

Purchasing Options:$ = USD
Paperback: 9780751401103
pub: 1991-02-01
Hardback: 9781138143166
pub: 2016-03-31
eBook (VitalSource) : 9781315043302
pub: 2014-05-01
from $264.95

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The book gives practical instruction and guidance in the use of accounting for effective control and higher profit in hotel and catering operations. The author covers all aspects of the subject, setting arguments and examples in a real context.


"A book to be read and studied and used again and again for reference" - HCIMA

Table of Contents

Orientation. The accounting framework. Basic cost concepts. Sales-cost-profit relationships. Break-even analysis.Introduction to decision accounting. Introduction to pricing. Pricing: some practical applications. Profitability. Profit sensitivity analysis. Budgetary control. Varianceanalysis. Food cost control. Beverage cost control. Accounting and operating ratios. Financial statement analysis. Analysis of departmental profitability. The managementof working capital. Assessment of capital projects. Appendix (DCF tables). References. Index.

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