Accounting and Financial Analysis in the Hospitality Industry by Jonathan A. Hales

Accounting and Financial Analysis in the Hospitality Industry by Jonathan A. HalesISBN: 9780750678964ISBN: 0750678968Most hospitality programs in the United States require several accounting classes as partof their curriculum. Although these accounting classes are important and provide theknowledge and skills that every hospitality manager will need, students are generallyafraid of, do not like, have high anxiety levels about, and do not do well in these classes.Often the result is that they just try to survive the class and do not try to understand andlearn the accounting and finance concepts presented in the class that will help them intheir hospitality careers.This textbook seeks to reduce students? fears and anxieties by focusing on the fundamentalsof using numbers in operating a business. This means focusing on the essentialfundamentals that are easier to understand and apply. It means teaching students to usenumbers in hospitality operations. It does not include the accounting details and complexitythat are used by Directors of Finance and CPAs. The focus is on using financialreports in operating the departments, not on preparing accounting reports.