Hospitality industry financial accounting

Notes
This textbook presents basic financial accounting concepts and shows readers how they apply to the hospitality industry. Readers will learn about: the responsibilities of a hospitality property's accounting department, advantages and drawbacks of various types of income statements and the role of inventory in calculating profit. The book has been revised throughout to reflect changes to accounting standards presented in the 11th revised edition of the Uniform System of Accounts for the Lodging Industry. Other new information includes discussion of the revenue recognition principle, explanation of the concept of the LIFO reserve as it pertains to inventory valuation, discussion of the growing popularity of the limited liability corporation (LLC) and revisions to reflect the most recent IRS guidelines.

Item Code	Call Number	Type	Location	Status
IP000116	657.837 SCH h	Textbook	CIPAYUNG	Available