Publisher's Synopsis
This accounting text is primarily targeted at students studying accounting within applied management programmes related to the hospitality, tourism, leisure, travel and event sectors. It employs accessible and student-friendly design, with clear learning outcomes and end-of-chapter comprehensive summaries. It promotes learning through worked examples and real-life case scenarios, with end-of-chapter questions all related to the sectors in focus. The text begins by introducing the reader to the components and characteristics of the hospitality, tourism, leisure and event sectors before focusing on financial accounting issues such as: The accounting equation The double entry system The organisation of accounts VAT Fixed assets and depreciation Accruals and prepayments Bad debts and provisions The preparation of financial statements The legal forms of organisation The regulatory framework of accounting The financial statements of limited liability companies Departmental accounts Statements of cash flow The interpretation of financial statements The text applies all of these issues with a relevant context and at a level appropriate for students of applied management programmes. It assumes no prior knowledge of accounting. The text is also accompanied by a lecturer's website containing PowerPoint presentation material and suggested solutions to questions.
