INTRODUCTION

BASIC HOTEL AND RESTAURANT ACCOUNTING

New 6th edition now available

Scope of the text

Basic Hotel and Restaurant Accounting is a principles and systems text based on the uniform system of accounts for hotels (AHLA) and restaurants (NRA). It offers state of the art accounting with computerized general ledger accounting as the basis for processing financial data. The text also contains several introductory managerial accounting chapters.

Basic Hotel and Restaurant Accounting escalates hospitality accounting into the 21^st century; presenting topics such as:

• Hospitality accounting principles
• Specialized hotel accounting
• Specialized restaurant accounting
• Systems and procedures
• Computer processing
• Internet Stores
• Merchant accounts
• Forecasting and budgeting
• Starting a hospitality business

Highlights of  the Text

• There are 12 Chapters to the text:Link to Table of Contents
• Every chapter has a case study: Link to Case Studies
• Get a brief review of the text:: Link to Survey of the Text
• The text contains many industry and technical updates: Link to Preface
• Detailed chapter information is available: Link to Representative Chapter Topics

Basic Hotel and Restaurant Accounting 6^th edition meets the challenge of providing accurate and current hospitality technology. Some examples:

• Internet Stores and technology
• credit cards now dominate the customer payment method
• budgeting and forecasting are critical in the competitive hospitality industry
• governmental agencies and new laws now affect financial reporting
• computer processing accounting procedures have replaced obsolete manual procedures and forms
• point-of-sale devices are prevalent and now affordable by small establishments

The text features many innovations

Each chapter concludes with Internet sites that provide reference sources for students to research and further study the topics.

Actual financial statements of six well-known companies representing divergent domains of hospitality are integrally presented throughout the text in relevant chapters, making the learning process more interesting and applicable to the real world of business.

The four new chapters cover merchant accounts, forecasting and budgeting, the effect of the SEC and Sarbanes-Oxley Act on financial reporting, and setting up an Internet store to meet today’s alternative method of doing business.

Four new chapters contain challenging business case studies.

The previous 12 chapters contain ethics case studies appropriate to that chapter.