Managerial Accounting for the Hospitality Industry contains exclusive content for students to gain a competitive advantage, stimulate critical reasoning, and enhance their ability to tackle real-life obstacles in the hospitality business world. Offering more value than just simply the concepts of managerial accounting and managerial finance, this text familiarizes students with the working knowledge of presentation, interpretation, and analysis of internal and external hospitality industry financial reports that ultimately affecting management decisions.
Managerial Accounting for the Hospitality Industry introduces the core knowledge for effective managerial, business, and operational decisions. Two main areas that are presented in this text are (1) cost accumulation and allocation and (2) operational decision-making process from a management perspective. Merging this fundamental managerial knowledge with current hospitality business trends is momentous to a student’s future career.
Author Bio
Acknowledgement
Figures List
Tables List
Preface
Chapter 1 Introduction to Managerial Accounting
Chapter 2 Cost Concepts and Cost Management
Chapter 3 Cost–Volume–Profit Analysis
Chapter 4 Cost Approaches to Product Pricing
Chapter 5 Financial Statements
Chapter 6 Ratio Analysis
Chapter 7 Forecasting Methods and Approaches
Chapter 8 Operations Budgeting and Variance Analysis
Murat
Kizildag
Dr. Murat Kizildag is currently an Associate Professor of Finance at UCF’s Rosen College since 2013. While getting his Ph.D. degree, he acquired Bloomberg Essentials Training Program Certification for Equity, Fixed-Income, Foreign Exchange (FX), and Commodity Essentials.
Dr. Kizildag’s research expertise spans the areas of Security Valuation, Risk & Investment Analytics, Financial Modeling & Forecasting, Portfolio Management & Optimization, and Time-Series Analysis. Dr. Kizildag produced more than 60 publications and attended numerous academic and industry conferences. His recent articles appeared in business finance and hospitality business/management journals. Further, Dr. Kizildag worked on several different grant projects and consulting contracts.
Dr. Kizildag is an Editor-in-Chief for the Journal of Hospitality Financial Management (JHFM). He is also a Managing Editor for the International Journal of Hospitality Management (IJHM). Dr. Kizildag has delivered keynote and panel speeches at several conferences, conventions, and events such as, ARDA World, Annual Convention, the Institute of Management Accountants (IMA) and Hospitality Finance and Technology Professionals (HFTP) joint meetings, Florida Institute of Certified Public Accountants’ (FICPA), and Service and Management Innovation Seminar Series held by Jorge Tadeo Lozano University in Colombia.