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Management Accounting for the Hospitality, Tourism and Leisure Industries 3rd edition

A Strategic Approach

Debra Adams

ISBN: 9781911396703 HBK; 9781911396710 PBK; 9781911396727 eBook DOI: 10.23912/9781911396703-3806


About this book | Table of contents | About the authors | Sample files | Buy now
Pre-Publication Orders
If you would like to place an advance order so that you receive your copy hot off the press, please contact Sally North at sally.north@goodfellowpublishers.com.


Management Accounting for the Hospitality, Tourism and Leisure Industries – A Strategic Approach 3rd edition is an up-to-date and relevant reference guide to accounting for decision making in the hospitality, tourism and leisure industries. Its’ user-friendly and easy to follow style is based on the author’s extensive first-hand experience of working with and delivering training and professional development in the sector.

This third edition of this long-standing and effective text is fully revised and updated to include:
• Pricing strategies to include examples of Revenue Management tactics;
• Ratios such as TREVPAR and GOPPAR;
• The growth of management contracts, franchising and leasing strategies for growth;
• Increasing variety of funding options including crowd funding;
• More detailed examples based on the author’s personal contemporary experience in training hotel financial controllers;
• Further industry specific content to reflect current trends and practice.

Key features include:
• Up-to-date and relevant content designed to suit the needs of the current Hospitality Professional;
• Best practice guidance from the Uniform System of Accounts for the Lodging Industry (USALI);
• Current trends and practice;
• Numerous case examples and scenarios to use in class;
• Online resources to support the text. See http://www.goodfellowpublishers.com/manacc3 for details.

This book is an essential guide for practitioners and students who are required to study management accounting in the context of the hospitality industry. For practitioners, the book is intended to help those who need an improved grasp of accounting information to assist them in their day-to-day work. For students, the book is aimed at those who are studying accounting as part of their degree, professional studies or apprenticeship course.


Due Sept 2024

Table of contents

PART I: STRATEGIC PLANNING. 1. Introducing strategic management. 2. Introducing strategic financial management. 3. Understanding financial statements. PART II: EXTERNAL ANALYSIS. 4. Managing costs. 5. Pricing strategies. PART III: INTERNAL ANALYSIS. 6. Making budgeting work. 7. Managing working capital. 8. Performance measurement. PART IV: STRATEGIC CHOICE. 9. Sourcing expansion. 10. Capital investment appraisal. 11. Practical aspects of capital investment appraisal. 12. The cost of funds. PART V: STRATEGIC IMPLEMENTATION AND EVALUATION. 13. Valuing a business. 14. Globalisation and internationalisation issues. 15. The way forward.

Table of contents

PART I: STRATEGIC PLANNING. 1. Introducing strategic management. 2. Introducing strategic financial management. 3. Understanding financial statements. PART II: EXTERNAL ANALYSIS. 4. Managing costs. 5. Pricing strategies. PART III: INTERNAL ANALYSIS. 6. Making budgeting work. 7. Managing working capital. 8. Performance measurement. PART IV: STRATEGIC CHOICE. 9. Sourcing expansion. 10. Capital investment appraisal. 11. Practical aspects of capital investment appraisal. 12. The cost of funds. PART V: STRATEGIC IMPLEMENTATION AND EVALUATION. 13. Valuing a business. 14. Globalisation and internationalisation issues. 15. The way forward.

About the authors

Debra Adams Debra is a Chartered Management Accountant (CIMA) and a leading practitioner in developing and delivering courses for improving financial know-how and commercial acumen in the hospitality industry. She has recently launched the online academy, finance4hospitality. Debra is also a visiting faculty member at the Glion Institute of Higher Education and a contributory member of the Glion Fellowship Research program specialising in hospitality financial management.

Table of contents

PART I: STRATEGIC PLANNING. 1. Introducing strategic management. 2. Introducing strategic financial management. 3. Understanding financial statements. PART II: EXTERNAL ANALYSIS. 4. Managing costs. 5. Pricing strategies. PART III: INTERNAL ANALYSIS. 6. Making budgeting work. 7. Managing working capital. 8. Performance measurement. PART IV: STRATEGIC CHOICE. 9. Sourcing expansion. 10. Capital investment appraisal. 11. Practical aspects of capital investment appraisal. 12. The cost of funds. PART V: STRATEGIC IMPLEMENTATION AND EVALUATION. 13. Valuing a business. 14. Globalisation and internationalisation issues. 15. The way forward.

About the authors

Debra Adams Debra is a Chartered Management Accountant (CIMA) and a leading practitioner in developing and delivering courses for improving financial know-how and commercial acumen in the hospitality industry. She has recently launched the online academy, finance4hospitality. Debra is also a visiting faculty member at the Glion Institute of Higher Education and a contributory member of the Glion Fellowship Research program specialising in hospitality financial management.

Sample files

Cover, copyright and contents.pdf
Chapter 1.pdf
Chapter 2.pdf
Chapter 3.pdf
Chapter 4.pdf
Chapter 5.pdf
Chapter 6.pdf
Chapter 7.pdf
Chapter 8.pdf
Chapter 9.pdf
Chapter 10.pdf
Chapter 11.pdf
Chapter 12.pdf
Chapter 13.pdf
Chapter 14.pdf

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