Hospitality Industry Financial Accounting(4th Edition)
Authors:
Raymond S Schmidgall, James W Damitio
In Stock: 2 Left
Shipment time
Expected shipping within 2 - 3 DaysPopular items with books
Total Price:
$76.97
Solution Manual Includes
Price:
$9.99
Book details
ISBN: 0866124519, 9780866124515
Book publisher: Educational Institute of the American Hotel & Motel Association
Book Price $76.97 : The fourth edition of 'Hospitality Industry Financial Accounting' by Raymond S Schmidgall and James W Damitio serves as an essential resource for understanding financial principles within the hospitality sector. This comprehensive book delves into financial statements, budgeting, and internal controls, tailored specifically for hotels, restaurants, and tourism ventures. Readers will appreciate how the 'solution manual' aids comprehension of complex concepts, ensuring that students and professionals alike can grasp everything from basic accounting to advanced financial management. The book meticulously outlines methodologies such as ratio analysis, financial statement preparation, and cost control strategies necessary for maintaining profitability in the hospitality industry. The 'Answer Key' provided at the end of each chapter reinforces learning by allowing users to test their understanding of key concepts. The authors incorporate real-world examples and case studies to illustrate the practical application of theoretical knowledge. Structured intuitively, the text benefits significantly from a well-organized 'table of content', guiding readers through chapters on different accounting systems, ethical considerations, and emerging financial technologies pertinent to the sector. This edition has been particularly well-received for its up-to-date treatment of industry practices and its accessibility to both students and seasoned practitioners alike. It empowers readers to navigate financial challenges effectively, equipping them with tools such as financial forecasting, budget creation, and variance analysis. The book underscores accounting's critical role in strategic planning within the hospitality realm. Its insightful coverage makes it a valuable reference for financial acumen in this dynamic industry. A cheap, step-by-step solution manual accompanies the main text to aid progressive learning.
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