This book looks at financial reporting methods and requirements in the hotel and catering industry. For example, the chapter on accounting for limited companies has been re-written in line with current thinking, and has been expanded to include an explanation of the principles of funds flow statements and value added tax. The chapter on merchandised accounting in the previous edition has been withdrawn, while a new chapter, on revenue accounting, explains the technique of profit sensitivity analysis. With its thorough coverage, methodical presentation, and clear explanations, this is an excellent study book.
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