The text promotes a balanced approach to studying accounting by providing both a conceptual background and a practical application of the subject to the relevant sectors. It employs accessible and student-friendly design, with clear learning outcomes and end-of-chapter comprehensive summaries. It promotes learning through worked examples, real-life case scenarios and end-of-chapter questions all related to the relevant industry sectors.
Financial Accounting for the Hospitality, Tourism, Leisure and Event Sectors begins by introducing the reader to the components and characteristics of each sector before focusing on key financial accounting issues, such as:
- The accounting equation
- The double entry system
- The organisation of accounts
- Valued added tax
- Non-current assets and depreciation
- Accruals and prepayments
- Bad debts and provisions
- The preparation of financial statements
- The legal forms of organisation
- The regulatory framework of accounting
- The financial statements of limited liability companies
- Departmental accounts
- Statements of cash flow
- The interpretation of financial statementsThe text assumes no prior knowledge of accounting and is pitched at a level appropriate for non-accounting students. The book is also accompanied by a lecturer’s website containing PowerPoint presentation material and suggested solutions to questions.www.blackhallpublishing.com/financialaccounting.htmDonncha O’Donoghue lectures in Accounting and Finance in the School of Hospitality Management and Tourism, Dublin Institute of Technology. He has over 25 years’ lecturing experience at undergraduate, postgraduate and professional levels. He is joint author of Financial Accounting for the Hospitality, Tourism and Retail Sectors (2005) and Management Accounting for the Hospitality, Tourism and Retail Sectors (2006).