Hospitality Financial Accounting

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The ultimate resource for Linking financial accounting principles to real-world applications in hospitality- now in a new editionAs the hospitality field continues to grow and diversify, today's hospitality professionals need to understand financial accounting at a higher level than ever before. Written by some of the most respected authors in accounting, Hospitality Financial Accounting, Second Edition gives a complete introduction to financial accounting principles and demonstrates how to apply them to all facets of the hospitality industry.Updated with the latest developments in the accounting and hospitality fields, Hospitality Financial Accounting, Second Edition covers the basics of financial accounting and then shows readers how to analyze financial statements and deal with the daily issues they will face on the job. In this Second Edition, the authors have provided engaging new coverage and features including:A dedicated chapter on financial statement analysisThe PepsiCo Inc. 2006 Annual Report, which illustrates key concepts using real-world financial statementsNew case studies covering a variety of hospitality enterprises doing business todayView of the hospitality industry expanded to such businesses as casinos, spas, and purveyorsAn expanded section on ethics with real-world casesNew "Accounting in Action" vignettes from hospitality and online companies that support the concepts being discussedApplied exercises that demonstrate the relevance of accounting to hospitality businessesAppendices that discuss subsidiary ledgers and special journalsComprehensive in scope, vibrant with real-world detail, reader-friendly, and accessible, Hospitality Financial Accounting, Second Edition is a key resource for anyone preparing for a career as a hospitality professional.