Basic management accounting for the hospitality industry

Basic Management Accounting for the Hospitality Industry deals with a range of topics: commencing with a basic introduction to management accounting; and ending with capital investment decisions. The objective of the book is to provide an introduction to the basic management accounting concepts and applications based on Einstein's maxim that 'everything should be made as simple as possible, but no simpler'. This choice of simplification is due to the fact that the level of English used in the text takes into consideration that a good proportion of students in hotel or tourism-related education use English as a second language. The approach used in the book makes it very comprehensible. It takes the reader clearly and logically through the concepts and applications of hospitality management accounting. Helpful accompanying teaching materials can be found at www.ho.noordhoff.nl/boek/basic-management-accounting-for-the-hospitality-industry. Students involved with hospitality and tourism degrees will find this text enables them to independently master the subject.

Basic Management Accounting for the Hospitality Industry uses a step by step approach to enable students to independently master the field. Up-to-date and comprehensive coverage, this textbook is essential reading for hospitality management students. 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 Lodging Industry (USALI) the extension of price elasticity of demand, and addition of income and cross elasticities the addition of break-even time (BET) as an additional method of analysing capital investments Up-to-date and comprehensive coverage, this textbook is essential reading for hospitality management students. PowerPoints and Worksheets for instructors are available at