Educational Institute Publishes New Edition of ‘Basic Hotel and Restaurant Accounting’

LANSING, Mich., Accounting operations in today’s hotels and restaurants require specialized knowledge and skills and an understanding of the interrelationship of business principles and accounting. The sixth edition of Basic Hotel and Restaurant Accounting, written by Raymond Cote, CPA, CCP, and published by the Educational Institute of the American Hotel & Lodging Association, offers readers a basic foundation of hospitality-focused accounting knowledge.

This revised edition features four new chapters to provide readers with the most up-to-date information on such topics as merchant accounts, forecasting and budgeting, the effect of the SEC and Sarbanes-Oxley Act on financial reporting, and setting up an Internet store to meet today’s methods of doing business. Other new features include actual financial statements from six well-known companies representing diverse hospitality domains, new business case studies, and Internet resources for further study.

Basic Hotel and Restaurant Accounting, sixth edition, is available to hospitality industry customers for $57.95 for AH&LA members ($76.95 for non-members). Call 800-752-4567 or order online at . Academic customers should call their account executive at 800-344-4381 for school pricing. A student workbook of accounting exercises and an accompanying instructor’s solutions manual are also available for the academic market.

Established in 1953 as a nonprofit educational foundation of the American Hotel & Lodging Association, the Educational Institute’s mission is to support AH&LA by becoming the preferred provider to the lodging industry, hospitality schools, and related hospitality industries both domestically and internationally by developing and providing quality resources to train, educate, and certify hospitality professionals.