For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business, yet understanding is crucial for success. Using an ‘easy to read’ style, this book provides a comprehensive overview of the most relevant accounting information for managers. It demonstrates how to organize and analyze accounting data to help make informed decisions with confidence. With its highly practical approach, this book: • quickly develops the reader’s ability to adeptly use and interpret accounting information to further organizational decision making and control • demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base • develops mastery of the key accounting concepts through financial decision making cases that take a hospitality manager’s perspective on an issue • sets financial problems in the context of a range of countries and currencies • includes two new chapters on internal control and performance management • offers further resources at www.routledge.com/tourism including a suite of worked contextualized cases in Tourism, Events and Sport Management. The all new companion website includes the suite of contextualised examples, PowerPoint lectures aligned to each chapter, solutions to all end-of-chapter problems, a student revision test bank and a password protected test bank available to lecturers who adopt this book as required student reading. These resources are SCORM compliant and compatible with institutions’ Learning Management Systems.

Table of Contents:
Introduction; Analysing Transactions and Preparing Year End Financial Statements; Double Entry Accounting; Adjusting and Closing Entries; Internal Control; Cost Management Issues; Cost-Volume-Profit Analysis; Budgeting and Responsibility Accounting; Flexible Budgeting and Variance Analysis; Performance Measurement; Cost Information and Pricing; Working Capital Management; Investment Decision Making