Hospitality finance and accounting : Essential Theory and Practice

"Hospitality Finance and Accounting provides a uniquely concise, accessible and comprehensive introduction to hospitality, finance and accounting from a managerial perspective. By avoiding unnecessary jargon and focusing on the essentials, this book offers a crucial breakdown of this often overly-complex subject area. The concise chapters cover the essential concepts, ideas and formulas to be mastered within the hospitality industry including income statements, balance sheets, pricing, budgeting, as well as fundamental issues such as rooms pricing, portion control, portion cost, yield standards and breakeven analysis. Each chapter is split into two sections; theory and practice, giving students practical insight into the everyday realities of the hospitality industry through case studies which show how theories are applied to a range of relevant scenarios. This will be an essential introductory yet practical resource for all Hospitality students and future managers within the industry"--