"Managerial Accounting for the Hospitality Industry gives aspiring hospitality managers the knowledge to analyze and interpret the varied financial information they will use in the hospitality industry. Using a reader-friendly and encouraging style, the authors provide managers with all the accounting tools, theory, and applications they need to make good business decisions based upon sound financial information." "Managerial Accounting for the Hospitality Industry provides a unique approach rooted in current industry practices and is well-suited for a wide range of hospitality students and professionals."--BOOK JACKET.

"The fourth edition of this text will assist those studying to be managers, who are not financial specialists, to gain a clear understanding of financial management principles. Addresses the competency BSBFIM501A Manage Budgets and Financial Plans in the BS207 Business Services Training Package" --publisher.

Revenue management is concerned with maximizing revenue flows while controlling costs. This is a new management framework combining conventional management accounting concepts and methods with notions of yield management, pricing, and process management. The revenue objective provides a unifying goal for the aforementioned concepts and methods that are especially suitable for service organizations, where revenue considerations are inextricably linked to the activities performed. While our focus is on service organizations, any organization will find something of value in this book.

Accounting, business and economics, reporting, decision makingTOC:PrefaceAbout the authorsHow to use this textChapter 1. Introduction to accounting and business decision makingChapter 2. Accounting in societyChapter 3. Business structuresChapter 4. Business transactionsChapter 5. Statement of financial positionChapter 6. Statement of profit or loss and statement of changes in equityChapter 7. Statement of cash flows Chapter 8. Analysis and interpretation of financial statementsChapter 9. BudgetingChapter 10. Cost-volume-profit analysisChapter 11. Costing and pricing in an entityChapter 12. Capital investmentChapter 13. Financing the businessChapter 14. Performance measurementAppendix IAppendix II.