Hospitality Financial Accounting

The ultimate resource for Linking financial accounting principles to real-world applications in hospitality— now in a new edition

As 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 analysis
• The PepsiCo Inc. 2006 Annual Report, which illustrates key concepts using real-world financial statements
• New case studies covering a variety of hospitality enterprises doing business today
• View of the hospitality industry expanded to such businesses as casinos, spas, and purveyors
• An expanded section on ethics with real-world cases
• New "Accounting in Action" vignettes from hospitality and online companies that support the concepts being discussed
• Applied exercises that demonstrate the relevance of accounting to hospitality businesses
• Appendices that discuss subsidiary ledgers and special journals

Comprehensive 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.

Jerry J. Weygandt, Ph.D., C.P.A., is the Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin–Madison.

Donald E. Kieso, Ph.D., C.P.A., is the KPMG Emeritus Professor of Accounting at Northern Illinois University.

Paul D. Kimmel, Ph.D., C.P.A., is an Associate Professor of Accounting at the University of Wisconsin–Milwaukee.

Agnes L. DeFranco, Ed.D., C.H.E., is a Professor in the Conrad N. Hilton School of Hotel and Restaurant Management at the University of Houston.