Accounting And Financial Management »

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.

* Presents current developments in the field from a combination of practical experience and live fieldwork.
* Contains contributions from a rich source of international academic and practitioners.
* Uses international case studies to explore and contextualise including Sheraton, Holiday Inn, and Intercontinental.

Part A: Performance Management

1. Performance measurement in independent hotels.
Mine Haktanir, PhD Assistant Professor and Lecturer in School of Tourism and Hospitality Management, Eastern Mediterranean University,
Turkish Republic of Northern Cyprus.

2. Productivity in the hospitality industry: how to measure productivity and improve process management.
Pekka Heikkilä, MSc (econ.) Certified HTM-Auditor (Finland)
Lecturer in Business Accounting,
Haaga Institute Polytechnic, Helsinki, Finland.
and Timo Saranpää, MSc (econ.)
Managing director, Sadanpaamies consulting Lecturer in Business Accounting Haaga Institute Polytechnic, Helsinki, Finland

3. Performance management in the international hospitality industry.
Helen Atkinson MBA, BA(Hons) ACMA HCIMA ABHA Principal Lecturer in Accounting School of Service Management University of Brighton, UK.

4. Budgetary practice within the hospitality industry.
Tracy Jones, BSc, MPhil, MHCIMA Principal Lecturer in Accounting Cheltenham and Glocestershrie Univeristy, UK

5. Benchmarking: measuring financial success in the hotel industry.
Agnes Lee DeFranco, PhD, CHE, CHAE Professor, Conrad N. Hilton College of Hotel & Restaurant Management University of Houston, USA

6. Developing a benchmarking methodology for the hotel industry.
Peter Harris Professor of Accounting Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University and Marco Mongiello, PhD, BA, ICA(Italy), ABHA Principal Lecturer in Accounting and Finance Harrow Business School, University of Westminster, UK.

Part B: Information Management

7. The profit planning framework: applying marginal accounting techniques to hospitality services.
Peter Harris Professor of Accounting Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

8. Cross-border reporting for performance evaluation.
Ian Graham, BA Managing Director of The Hotel Solutions Partnership Ltd Kings Langley, UK

9. Cost analysis in hotel industry: an ABC customer focused approach and the case of joint revenues.
Paolo Collini, PhD, MBA Professor in Management Accounting and Strategic Management University of Trento, ITALY

10. Customer profitability in a hotel context.
Vira Krakhmal, MSc, BA, ABHA Senior Lecturer and Postgraduate Researcher Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

11. Room rate pricing: a resource-advantage perspective.
Jean-Pierre I. van der Rest, MA, BBA Lecturer in Business Economics and Strategic Marketing Leiden University, NL

12. The relevance of restaurant accounting systems.
Tommy D. Andersson, PhD Professor of Tourism Management,
School of Business, Economics and Law at Goteborg University, Sweden

13. Environmental accounting: reflecting environmental information in accounting systems.
Rebecca Hawkins, PhD, BA Freelance Consultant and Research and Consultancy Fellow Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

14. Hotel unit financial management: does it have a future?
Cathy Burgess, MPhil, CDipAF, FBHA, FHCIMA Senior Lecturer in Accounting for the Hospitality Industry Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

Part C: Asset Management

15. Hotel asset management: will a North American phenomenon expand internationally?
Paul Beals, PhD Visiting Professor of Hotel Real Estate and Finance,
IMHI-ESSEC Business School,
Cergy-Pontoise, France

16. Hotel asset management: European principles and practice.
Geoff S. Parkinson, BSc, FCA, FHCIMA, FBHA Managing Director Hotel investment Advisors, UK

17. A management accounting perspective on hotel outsourcing.
Dawne Lamminmaki, PhD, BCom, MBA, CMA Lecturer in Accounting,
Graduate School of Management Griffith University - Gold Coast, AUSTRALIA

18. Sale and leaseback transactions in the hospitality industry.
Charles Whittaker, BSc (Econ), FCA, MA Senior Lecturer in Hospitality Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

19. Hospitality firm risk determinants and value enhancement.
Zheng Gu, PhD, BS, MA Professor in Hospitality Finance & Accounting University of Nevada, Las Vegas

20. Investment appraisal issues arising in hotels governed by management contract.
Chris Guilding Professor in Tourism, Leisure, Hotel and Sport Management Director, Service Industry Research Centre Griffith University, AUSTRALIA

21. Autonomy and control in managing network organizations: the case of multinational hotel companies.
Marco Mongiello, PhD, BA, ICA(Italy), ABHA Principal Lecturer in Accounting and Finance Harrow Business School, University of Westminster, UK.
and Peter Harris Professor of Accounting Department of Hospitality, Leisure and Tourism Management, Business School, Oxford Brookes University

22. Career directions in financial management in the hospitality industry.
Howard Field FCA FHCIMA FBHA Hotel Industry Advisor, Director of FM Recruitment and Visiting Fellow Oxford Brookes University