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Hospitality industry financial accounting

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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.

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Detail Information

Series Title

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Call Number

657.837 SCH h

Publisher

Florida : AHLEI., 2015

Collation

xii, 555 p. ; 23 cm.

Language

English

ISBN/ISSN

978-0-86612-451-5

Classification

657.837

Content Type

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Media Type

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Carrier Type

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Edition

ed. 4

Subject(s)

Hospitality industry--accounting

Specific Detail Info

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Statement of Responsibility

Schmidgall, Raymond S.

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