Travel Accounting: College Textbook for Tourism Management Majors in Higher Education

Author: Li Yali
Publisher:
Publish Date: 2004-02-01
Features: The tourism industry is known as the sunrise industry and is playing an increasingly important role in China's national economy. As an important component of the industry's management, tourism accounting is also becoming more prominent. Tourism Accounting consists of ten chapters, covering General Principles, Basic Accounting, Current Assets, Long-Term Assets, Foreign Investments, Liabilities, Owner's Equity, Income and Expenses, Financial Statements, and Mergers, Bankruptcy, and Liquidation. For teaching convenience, each chapter includes learning objectives, a brief introduction, a chapter summary, discussion questions, and exercises. This book provides a systematic introduction to the organization of tourism accounting work and further enriches the fundamental knowledge of accounting. In Chapter 3, Current Asset Accounting, the internal control of cash is explained in detail, especially with revisions based on the bank settlement methods and the relevant provisions of the Negotiable Instruments Law. In Chapter 8, Income and Expense Accounting, the accounting for cashier operations has been added to align teaching with practical applications. The revenue and expense transactions of travel agencies, hotels, and tourist attractions have their own characteristics and are often intertwined. This book explains the specific accounting processes in the order of simplicity to complexity and reflects the scattered content through examples and exercises. Chapter 9, Financial Statements, includes the Cash Flow Statement and Consolidated Financial Statements to adapt to the new reforms. The book also adds accounting for mergers and bankruptcy liquidation. Tourism Accounting is suitable for travel agencies, hotels, tourist attractions, and other tourism enterprises operating within China. It can be used as a textbook for finance and economics colleges or for in-service training purposes.