This book describe the essential accounting for anyone in the hospitality industry, which includes hotels, restaurants, spas, and similar businesses. The book familiarizes the accountant with basic concepts and then addresses the various types of financial statements and the accounting needed to construct them. More detailed financial accounting topics include payroll, fixed assets, and payables. There are also many managerial accounting chapters, such as the construction of a budget, price formulation systems, cost-volume-profit analysis, and cash management.
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