Previously published as "Managerial Accounting in the Hotel and Catering Industry", this book has been substantially revised, expanded and updated in order to keep abreast of current accounting developments and their applications in the hotel, restaurant and catering industry. In accordance with previous editions, the needs of students, managers, executives and the independent operator have been borne in mind throughout the work. Notable changes to this 5th edition are the addition of a chapter on building computer spreadsheet models; the complete re-writing of the chapters on budgets for planning and control, measuring financial and operating performance, sources of finance, and capital investment decisions; and extensive amendments to the "questions and answers" sections. An ELBS/LPBB edition is available.