Basic Management Accounting for the Hospitality Industry

This second edition contains many new themes and developments, including: • the essence of the International Financial Reporting Standards (IFRS) • integration of the changes caused by the evolution of the Uniform System of Accounts for the Lodging Industry (USALI) • the extension of price elasticity of demand, and addition of income and cross elasticities • the addition of break-even time (BET) as an additional method of analysing capital investments Up-to-date and comprehensive coverage, this textbook is essential reading for hospitality management students. Additional study and teaching materials can be found on www.hospitalitymanagement.noordhoff.nl