Accounting and Financial Analysis in the Hospitality Industry

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Elsevier Butterworth-Heinemann, 2005 - Business & Economics - 296 pages
3 Reviews
The objective of this textbook is to teach students to be conversational in speaking numbers. This means understanding fundamental accounting concepts, developing solid financial analysis abilities, and then applying them to understand and improve the operational performance of their hotel or restaurant. The book will accomplish this by studying the current practices of some of today's leading hotel and restaurant companies. Chapters will be developed under the auspices of a select group of hospitality industry General Mangers, Directors of Finance, and Regional Accounting Managers to ensure that the information is current, accurate and useful. Understanding and applying the information will be the main focus of this book.
This textbook should provide hospitality managers the knowledge and experience to be comfortable in using numbers to operate their departments. This includes developing the ability to perform all accounting and financial aspects of their position efficiently and correctly including revenue forecasting, wage scheduling, budgeting, P&L critiques, purchasing procedures and cost control methods. As a result, they will have more time to spend on the floor with their customers and employees. This knowledge will help them understand their operations and how to improve, change or expand them to increase revenues or profits.

* Introduces the fundamentals of hospitality accounting from an applied perspective with real industry examples
* Developed under supervision of industry experts
* Incorporates career success model to place subject in a larger context for students

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vey goog easy to go .....

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This book is very helpful who want to become a sophiscated hotel manager. I am a Income Auditor and this book is absoluetly correct book for me to get my next career. If this book Writer give me chance to learn more then kindly allow me read this book full page then it will be so appreciate for me.
And I advice for hotelier manager for progress his career try to study this book.
Thanks again to Mr. Jon Hales, Jonathan A. Hales
Regards
Shaheen Bhuiyan
29bhuiyan@gmail.com
 

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About the author (2005)

Jon Hales spent 25 years in the hospitality industry with Marriott International in nine cities across the United States. During his career he worked in two convention hotels as Assistant Controller, two resorts as Assistant Controller and Controller, two suburban hotels as Resident Manager and General Manager and two airport hotels as Controller, Resident Manager and General Manager. In his last two years he was Marriott Executive on Loan to the School of Hotel and Restaurant Management at Northern Arizona University (NAU). Since 1997, he has been a Clinical and Assistant Professor at NAU teaching Front Office Management, Resort Management, Hospitality Accounting, and Senior Seminar. He has continued his hospitality industry experience by completing faculty internships with Four Seasons Resorts and Hotels, Hyatt Hotels, Omni Hotels, Red Lobster Restaurants and Pappadeaux's Restaurants. Dr. Hales is also the owner of a fast food restaurant franchise and has been a consultant for many business's both inside and outside the hospitality industry.

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