Hospitality Management Accounting [Hardcover]

Martin G. Jagels (Author), Catherine E. Ralston (Author)

Book Description

ISBN-10: 0470052430 | ISBN-13: 978-0470052433 | Publication Date: September 25, 2012 | Edition: 10

The success of every business in the hospitality industry depends on maximising revenues and minimising costs. Hospitality Management Accounting, Tenth Edition continues its time-tested presentation of fundamental concepts and analytical techniques that are essential to taking control of real-world accounting systems, evaluating current and past operations, and effectively managing finances toward increased profits. It offers hands-on coverage of computer applications and ethics situations that challenges student's decision making skills to successfully prepare them for the increasingly complex and competitive hospitality industry.

Editorial Reviews

From the Back Cover

The success of every business in the hospitality industry depends on maximizing revenues and minimizing costs. Hospitality Management Accounting, Ninth Edition continues its time-tested presentation of fundamental concepts and analytical techniques that are essential to taking control of real-world accounting systems, evaluating current and past operations, and effectively managing finances toward increased profits.

Hospitality Management Accounting, Ninth Edition continues to define managerial accounting with new features, such as:

• Detailed and consolidated coverage of straight-line, units-of-production, sum-of-the-year's-digits, and double-declining-balance depreciation methods
• Updated material on inventory control methods, with emphasis on perpetual inventory
• A sequential presentation of statement of cash flows and working capital
• New end-of-chapter exercises and problems

Hospitality Management Accounting, Ninth Edition offers hands-on coverage of computer applications and practical decision-making skills to successfully prepare readers for the increasingly complex and competitive hospitality industry. --This text refers to an alternate Hardcover edition.

About the Author

MARTIN G. JAGELS is Professor Emeritus at the College of Hospitality, Retail, and Sport Management at the University of South Carolina in Columbia.

MICHAEL M. COLTMAN was chair of the Department of Hospitality and Tourism Administration at the British Columbia Institute of Technology until his retirement. --This text refers to the Unbound edition.

Product Details

• Hardcover: 640 pages
• Publisher: Wiley; 10 edition (September 25, 2012)
• Language: English
• ISBN-10: 0470052430
• ISBN-13: 978-0470052433
• Shipping Weight: 1.7 pounds (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #11,004,285 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

7 of 8 people found the following review helpful:

5.0 out of 5 stars I think this book would be great for any student, August 14, 2003

By A Customer

This review is from: Hospitality Management Accounting (Hardcover)

I recently took a hospitality managerial accounting class at school and found this book extremely useful. There was so much in-depth information, along with illustrative examples, case studies, and useful problems and exercises. The student workbook also came in handy and helped me to pass the class.

3 of 4 people found the following review helpful:

2.0 out of 5 stars Many examples from the hospitality industry but..., October 30, 2008

By 

Costas Leon (Lucerne, Switzerland) - See all my reviews

This review is from: Hospitality Management Accounting (Hardcover)

I have been teaching all the chapters of this book for 9 months. There are many examples from hospitality industry and, in this sense, the book is indeed fine. It is mainly indented for students who would like to learn the "very basics" (in order to "pass the course") and apply them in practice. From a more academic point of view, the book suffers in many respects. It is rather wordy and poor in substance since there are no clear-cut definitions of the concepts used. Further, and this is very negative for me, there is no even the least reasoning or proof for any of the formulae used. Thus, in the best case, it encourages the logic of "apply the formula and interpret the results". Also, some accounting identities and formulae are written simply in an unacceptable way, from mathematics (and logic) point of view. There are some mistakes in the exercises and the formulation of many exercises, especially of the large ones, is unnecessarily complicated, sometimes the answers in the answer sheet are wrong and the presentation of solution is occasionally chaotic. Since no constructive arguments are developed for the building of the formulae, students are "forced" to apply formulae in a "mechanical" way . The result is that, even in the least modification of the problem under consideration, students try to find "the" formula to apply it. Of course, we cannot blame only the book for this since many students convey this "idea" from their years in school. The book simply follows this learning stance. Due to lack of a constructing reasoning, students do not learn to modify a formula or to built another one from first principles, according to the problem at hand. Hence, not a really constructive thinking is developed. I am looking for other, more substantial alternatives.

4.0 out of 5 stars Good reference, January 12, 2012

By 

Onno van Santen (On, Canada) - See all my reviews
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Amazon Verified Purchase

This review is from: Hospitality Management Accounting (Hardcover)

This is a good book. Anyone in a supervisory accounting or even operational position will not loose anything knowing a little about the bottom line of the hospitality business they work at.