New Edition of AHLEI’s Hospitality Industry Financial Accounting Textbook Reflects Changes to USALI

the American Hotel & Lodging Educational Institute (AHLEI) | August 27, 2015

Orlando, Florida, August 2015— The American Hotel & Lodging Educational Institute (AHLEI) has published the fourth edition of Hospitality Industry Financial Accounting by Raymond S. Schmidgall, Ph.D., CPA, and James W. Damitio, Ph.D., CMA. This textbook presents basic financial accounting concepts and shows readers how they apply to the hospitality industry. Readers will learn about: the use of accounts, journals, and ledgers to record transactions, the formats and interpretation of financial statements, the effect of inventory valuation on costs and profit, the mechanics of accrual accounting, and more. The book has been revised ...