Hospitality Finance and Accounting provides a clear and concise introduction to hospitality, finance, and accounting from a management perspective. The content is accessible without unnecessary jargon and covers essential concepts and formulas needed in the hospitality sector, such as profit and loss statements, balance sheets, pricing, and budgeting.
Each chapter is divided into two parts: theory and practice, giving students practical insights into the daily operations within the hospitality industry. There is special attention to the management of operational and investment budgets in the sectors of lodging, events, and food & beverage.
This second, updated edition contains:
- A new case study and exercise material from Asia.
- Extensive information on event management, break-even analysis (cost-volume-profit), and information asymmetry.
- An adapted format of the hotel income statement according to the 12th edition of the Uniform System of Accounts for the Lodging Industry (USALI).
Contents:
1. Measuring performance: a) Theory b) Practice
2. Balance sheet and ratios: a) Theory b) Practice
3. Pricing: a) Theory b) Practice
4. Finance & Accounting in food & beverage: a) Theory b) Practice
5. Investment budgeting: a) Theory b) Practice
Target audience and language level:
This textbook is suitable for students and professionals in the hotel industry and hospitality sector. The language is business Dutch, suitable for vocational/higher professional education level and above. The material supports both teaching and self-study.
Author:
Rob van Ginneken is a lecturer in Finance and Accounting at the Academy of Hotel Management, Breda University of Applied Sciences in the Netherlands.
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