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GLOBAL MANAGEMENT SERIES CATALOGUE

Management Accounting for the Hospitality, Tourism and Leisure Industries 3rd edition

A Strategic Approach

Debra Adams

ISBN: 9781911396703 HBK; 9781911396710 PBK; 9781911396727 eBook


About this book | Table of contents | About the authors | Buy now
Management Accounting for the Hospitality, Tourism and Leisure Industries - A Strategic Approach 3rd edition is an up-to-date and relevant reference guide to accounting for decision making in the hospitality, tourism and leisure industries. Its’ user-friendly and easy to follow style is based on the author’s extensive first-hand experience of working with and delivering training and professional development in the sector.


This third edition of this long-standing and effective text is fully revised and updated to include:
• Pricing strategies to include examples of Revenue Management tactics;
• Ratios such as TREVPAR and GOPPAR;
• The growth of management contracts, franchising and leasing strategies for growth;
• Increasing variety of funding options including crowd funding;
• More detailed examples based on the author’s personal contemporary experience in training hotel financial controllers;
• Further industry specific content to reflect current trends and practice.


Key features include:
• Up-to-date and relevant content designed to suit the needs of the current Hospitality Professional;
• The latest recommendations of the Uniform System of Accounts for the Lodging Industry;
• Current trends and practice;
• Numerous case examples and scenarios to use in class;
• Online resources to support the text. See http://www.goodfellowpublishers.com/manacc3 for details.


This book is an essential guide for practitioners and students who are required to study management accounting in the context of the hospitality industry. For practitioners, the book is intended to help those who need an improved grasp of accounting information to assist them in their day-to-day work. For students, the book is aimed at those who are studying accounting as part of their degree or professional studies course.


Due March 2020

Table of contents

PART I: STRATEGIC PLANNING. 1. Introducing strategic management. 2. Introducing strategic financial management. 3. Understanding financial statements. PART II: EXTERNAL ANALYSIS. 4. Managing costs. 5. Pricing strategies. PART III: INTERNAL ANALYSIS. 6. Making budgeting work. 7. Managing working capital. 8. Performance measurement. PART IV: STRATEGIC CHOICE. 9. Sourcing expansion. 10. Capital investment appraisal. 11. Practical aspects of capital investment appraisal. 12. The cost of funds. PART V: STRATEGIC IMPLEMENTATION AND EVALUATION. 13. Valuing a business. 14. Globalisation and internationalisation issues. 15. The way forward.

Table of contents

PART I: STRATEGIC PLANNING. 1. Introducing strategic management. 2. Introducing strategic financial management. 3. Understanding financial statements. PART II: EXTERNAL ANALYSIS. 4. Managing costs. 5. Pricing strategies. PART III: INTERNAL ANALYSIS. 6. Making budgeting work. 7. Managing working capital. 8. Performance measurement. PART IV: STRATEGIC CHOICE. 9. Sourcing expansion. 10. Capital investment appraisal. 11. Practical aspects of capital investment appraisal. 12. The cost of funds. PART V: STRATEGIC IMPLEMENTATION AND EVALUATION. 13. Valuing a business. 14. Globalisation and internationalisation issues. 15. The way forward.

About the authors

Debra Adams Debra Adams is a qualified accountant and owner at the education consultancy, arena4finance. Her company specialises in the design and delivery of courses for the hospitality sector, many of which have been delivered to major hospitality organisations in Europe, Asia and Northern America. Debra is also Course Director of the HOSPA (formerly BAHA) Professional Development Programmes in Financial Management and Revenue Management. She holds a part time position in the Faculty of Management at Bournemouth University as well as a variety of visiting lecturer roles in the UK and overseas.

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