The package includes a 365-day eBook access key plus the online exam.
The purchaser will have access to this title for the 365-day access for AHLEI short courses, which includes a valuable advantage: after the online access period concludes, you can retain
perpetual offline access to their textbooks through the VitalSource Bookshelf
application up to two computers and two mobile devices, using the Bookshelf app. Additionally, all notes and highlights will remain saved and synchronized
across their devices as long as they do not delete or close their account.
In this way, you can continue benefiting from the materials indefinitely.
The Hospitality Industry Managerial Accounting eBook and Exam (ExamFlex) (365-Day Access) presents managerial accounting concepts and explains how they apply to specific operations within the hospitality industry.
Income Statements – Features various schedules from the Uniform System of Accounts for the Lodging Industry, including income statements for restaurants and clubs.
Ratio Analysis – Discover the new section on flow-through and flex ratios. Learn to interpret its purpose, the source of data needed for the calculation, and the formulas by which they are calculated from the varying viewpoints of owners, creditors, and managers.
Basic Cost Concepts – Identify how managers determine the relevant costs in particular decision-making situations, including new concepts on out-of-pocket costs and activity-based costing (ABC).
Internal Control – Discusses various accounting functions, including cash receipts, cash disbursements, accounts receivable, accounts payable, inventories, payroll, fixed assets, marketable securities, and the Sarbanes-Oxley Act of 2002. A new section covering technology in internal control is also included.
Lease Accounting – Enhanced material on lease accounting, including updated illustrations of accounting for various types of leases.
Each chapter begins by posing several questions that managers in the hospitality industry may have regarding accounting concepts that will be developed within the chapter. At the close of each chapter, there are several review questions and a set of problems, designed to test the reader's understanding of the concepts covered within the chapter. Some chapters are followed by appendices that present more detailed approaches to concepts mentioned in the text.
Authors: Ray Schmidgall, Ph.D., CPA, and Agnes DeFranco, E.D.
©2023, 15 Chapters
Exam is proctored:
- Number of Questions: 100 Multiple-choice questions
- Duration: 3 hours
- Passing Score: 70% or higher
- Exam Attempts included: one
Exam Access Validity: 12 months from the activation date
For more information and special industry and academic pricing, please contact the AHLEI sales team.
Languages Available: English
