Students taking their second course in accounting usually take a managerial accounting course, which takes a look at the internal workings of a company - maximizing revenue, minimizing costs and maximizing profits. As the hospitality industry continues to grow and as the business environment becomes even more competitive, it must become increasingly profit- and cost-conscious in order to maximize revenue and minimize costs, all while maintaining the level of service necessary for a successful operation. This hospitality management accounting text combines essential information, illustrative examples and useful problems and exercises.
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MARTIN G. JAGELS is Professor Emeritus at the College of Hospitality, Retail, and Sport Management at the University of South Carolina in Columbia.
L M. COLTMAN was chair of the Department of Hospitality and Tourism Administration at the British Columbia Institute of Technology until his retirement.
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