The American Hotel & Lodging Educational Institute (AHLEI) has released Hospitality Industry Managerial Accounting, Eighth Edition by Raymond S. Schmidgall, Ph.D., CPA. This textbooks includes everything readers need to gain a clear understanding of managerial accounting in a hospitality setting. Readers will learn how to make effective choices based on the numbers that reflect daily operations, develop on-target budgets, control cash flow, and reach profit goals with the help of financial reports and other tools.
The eighth edition reflects changes based on the 11th Revised Edition of the Uniform System of Accounts for the Lodging Industry that went into effect in January 2015, as well as major changes made to tax laws since the previous edition. Information on pricing and balance sheets has been updated, and industry statistics reflect the most recent 2014 hospitality data.
Educators at hospitality management programs in the United States can order this and all of AHLEI’s textbooks directly from AHLEI, as the organization discontinued its distribution agreement with Pearson Higher Education, effective July 1, 2015. U.S. academic customers can place orders and request desk copies by contacting firstname.lastname@example.org, or by calling 1.800.344.4381 or +1.517.372.8800. Industry customers can order online at www.ahlei.org.
Established in 1953 as the nonprofit education and training arm of the American Hotel & Lodging Association (AH&LA), AHLEI’s mission is to continue being the preferred provider to the lodging industry, hospitality schools, and related hospitality industries by developing and providing quality resources to educate, develop, and certify hospitality professionals worldwide.
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