Basic Management Accounting for the Hospitality Industry uses a step by step approach to enable students to independently master the field.

This second edition contains many new themes and developments, including:

  • the essence of the International Financial Reporting Standards (IFRS)
  • integration of the changes caused by the evolution of the Uniform System of Accounts for the Lodging Industry (USALI)
  • the extension of price elasticity of demand, and addition of income and cross elasticities
  • the addition of break-even time (BET) as an additional method of analysing capital investments

Up-to-date and comprehensive coverage, this textbook is essential reading for hospitality management students. Additional study and teaching materials can be found on www.hospitalitymanagement.noordhoff.nl

chapter 1|19 pages

Introduction to management accounting

chapter 2|21 pages

The balance sheet

chapter 3|14 pages

The profit and loss account statement

chapter 6|17 pages

Analyzing financial statements

chapter 7|32 pages

Ratio analysis and types of ratios

chapter 8|15 pages

Management of working capital

chapter 9|29 pages

Cost Management

chapter 10|41 pages

Pricing and Revenue Management

chapter 11|14 pages

Cost-volume-profit analysis

chapter 12|22 pages

Internal control

chapter 13|17 pages


chapter 14|22 pages

Budgeting and variance analysis

chapter 15|41 pages

Capital investment decisions