Accounting and Financial Management: developments in the international hospitality industry presents new and innovative research and developments in the field of accounting and financial management as it relates to the work of managing enterprises and organisations in the international hospitality industry.

The content contains contributions from a rich source of international researchers, academics and practitioners including, university and college lecturers, professional accountants and consultants and senior managers involved in a wide range of teaching, scholarship, research, and consultancy in the hospitality industry worldwide. The material is drawn from their work and experience and relates directly to the management of hospitality undertakings. Therefore the up to date case studies and examples used are taken from a wide ranging of companies across the industry including large international chains such as Sheraton, Holiday Inn, and Intercontinental.

Divided into three parts: Performance Management, Information Management and Asset Management the book tackles the following issues amongst others:

Performance management in the international hospitality industry
Benchmarking: measuring financial success
The profit planning framework
Making room rate pricing decisions
Hotel asset management UK and US perspectives
Lowering risk to enhance hospitality firm value

Accounting and Financial Management: developments in the international hospitality industry presents current developments drawn from a combination of live fieldwork and practical experience and therefore will content will appeal to a wide-ranging readership including practising managers and financial controllers in hospitality organisations, professional accountants and consultants, postgraduate candidates studying for master's degrees in hospitality management, and final year undergraduate students of hospitality management who elect to take an accounting option.

Auteur

Peter Harris, Marco Mongiello

Contenu

Part 1 Performance Management; Chapter 1 Performance measurement in independent hotels, Mine Haktanir; Chapter 2 Productivity in the restaurant industry, Pekka Heikkilä, Timo Saranpää Chapter 3 Performance measurement in the international hospitality industry, Helen Atkinson; Chapter 4 Budgetary practice within hospitality, Tracy Jones; Chapter 5 Benchmarking, Agnes Lee DeFranco; Chapter 6 Developing a benchmarking methodology for the hotel industry, Peter Harris, Marco Mongiello; Part 2 Information Management; Chapter 7 The profit planning framework, Peter Harris; Chapter 8 Cross-border reporting for performance evaluation, Ian Graham; Chapter 9 Cost analysis in the hotel industry, Paolo Collini; Chapter 10 Customer profitability accounting in the context of hotels, Vira Krakhmal; Chapter 11 Room rate pricing, Jean-Pierre I. van der Rest; Chapter 12 The relevance of restaurant accounting systems, D. Andersson Tommy; Chapter 13 Accounting for the environment, Rebecca Hawkins; Chapter 14 Hotel unit financial management, Cathy Burgess; Part 3 Asset Management; Chapter 15 Hotel asset management, Paul Beals; Chapter 16 Hotel asset management, Geoff Parkinson; Chapter 17 A management accounting perspective on hotel outsourcing, Dawne Lamminmaki; Chapter 18 Sale and leaseback transactions in the hospitality industry, Charles Whittaker; Chapter 19 Hospitality firm risk determinants and value enhancement, Zheng Gu; Chapter 20 Investment appraisal issues arising in hotels governed by a management contract, Chris Guilding; Chapter 21 Autonomy and control in managing network organizations, Marco Mongiello, Peter Harris; Chapter 22 Career directions in financial management in the hospitality industry, Howard Field;