As the hospitality field continues to grow and diversify, today’s hospitality professionals need to understand financial accounting at a higher level than ever before. Written by some of the most respected authors in accounting, Hospitality Financial Accounting, Second Edition gives a complete introduction to financial accounting principles and demonstrates how to apply them to all facets of the hospitality industry.

Updated with the latest developments in the accounting and hospitality fields,Hospitality Financial Accounting, Second Edition covers the basics of financial accounting first and then shows hospitality students how to analyze financial statements and deal with the daily issues they will face on the job.

JERRY J. WEYGANDT, PH.D., C.P.A., is the Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin–Madison.

DONALD E. KIESO, PH.D., C.P.A., is the KPMG Emeritus Professor of Accounting at Northern Illinois University.

PAUL D. KIMMEL, PH.D., C.P.A., is an Associate Professor of Accounting at the University of Wisconsin–Milwaukee.

AGNES L. DeFRANCO, Ed.D., C.H.E., is a Professor in the Conrad N. Hilton School of Hotel and Restaurant Management at the University of Houston.