Accountants typically develop record-keeping systems

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Restaurant managers are responsible for the “numbers”; however, accountants typically develop record-keeping systems, collect the information, summarize it, and report it to management officials. What type of initial and ongoing communication between the manager and the accountant is necessary to define terms (what elements will be included and excluded from food and beverage costs, for example) and to interpret “what the numbers mean”? How does the industry’s Uniform System of Accounts for Restaurants (see chapter 8) help with this task? What are examples, if any, where deviations from the Uniform System should be considered for an individual property?

Using textbook "Restaurant Operations Management: Principles and Practices" by Jack D. Ninemeier, Ph.D and David K. Hayes, Ph.D

Reference no: EM132159164

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