Modern Tourism Food and Beverage Service Enterprise Accounting Practice

Author: Zhao Tianyan
Publisher:
Publish Date: 2004-04-01
Features: This book has a wide scope of application and can serve as a practical tool for financial accountants in the tourism and catering service industry to handle accounting matters. It can also be used as a new textbook and teaching reference for accounting courses in tourism and catering services offered by universities and colleges. Additionally, it serves as a reference book for financial accountants to self-study and prepare for various accounting professional exams. The book is divided into twelve chapters, including General Principles, Accounting for Financial Elements, and Financial Statements. For financial elements, it is structured into ten chapters: Monetary Funds and Foreign Currency Transactions, Accounts Receivable and Prepayments, Inventory, Investments, Fixed Assets and Other Assets, Liabilities, Owner's Equity, Income and Expenses, and Profit. This structure is primarily based on the following considerations: First, it starts with General Principles and expands into the six accounting elements, ultimately returning to financial statements. Second, it takes into account the daily nature of foreign currency transactions in tourism and catering businesses, dedicating a chapter to the accounting for foreign currency transactions. Third, considering the similarities between short-term and long-term investments, they are combined into a single chapter titled "Investments," serving as a link between current and non-current assets. Fourth, recognizing that both income and expenses are ultimately transferred to "Profit," they are combined into a single chapter titled "Income and Expenses." Fifth, from the perspective of clear and logical organization, the formation and distribution of profit are combined into a single chapter titled "Profit." The book incorporates the author's extensive experience in accounting teaching and practical work, making it easy to understand and highly comprehensive. It provides detailed and thorough explanations of some difficult issues, as if you were in a classroom. It closely aligns with the new accounting system, offering an overview of accounting items, followed by detailed introductions to their account setups and accounting treatments, and concludes with illustrative examples. The approach is clear, and the examples are abundant.