Hospitality Accounting: Second Edition

Author: Steven Bragg


Book Description
This book describes the essential accounting for anyone in the hospitality industry, which includes hotels, restaurants, spas, and similar businesses. It familiarizes the accountant with basic concepts and then addresses the various types of financial statements and the accounting needed to construct them. More detailed accounting topics include payroll, fixed assets, and payables. There are also many managerial accounting topics, such as the construction of a budget, price formulation systems, cost-volume-profit analysis, and cash management. In short, the book prepares the accountant for any accounting issues likely to arise in the hospitality industry. [370 pages]

Table of Contents

Part I - Financial Accounting Topics
Chapter 1. Introduction to Hospitality Accounting
Chapter 2. The System of Accounting
Chapter 3. The Financial Statements
Chapter 4. Receivables and Payables Accounting
Chapter 5. Payroll Accounting
Chapter 6. Inventory Accounting
Chapter 7. Fixed Asset Accounting
Chapter 8. Interest Capitalization
Chapter 9. Debt Accounting
Chapter 10. Income Taxes
Chapter 11. Other Accounting Topics
Chapter 12. Controls

Part II - Managerial Accounting Topics
Chapter 13. Pricing Methodologies
Chapter 14. Ratio and Trend Analysis
Chapter 15. Cost Concepts
Chapter 16. Cost-Volume-Profit Analysis
Chapter 17. Operations Budgeting
Chapter 18. Capital Budgeting
Chapter 19. The Lease or Buy Decision
Chapter 20. Cash Management
Chapter 21. Working Capital Management