Summary Managerial accounting

Managerial accounting Ewald van der Werf
Lecture 1

The income statement is always about a period, it contains revenues and expenses.
Keyword is performance.

Which information do you need?
- Sales
- Costs
- Profit/ Loss

USALI = Format
USALI stands for Uniform System of Accounting for Lodging Industry

Sales (revenues)

Types of sales
- Rooms
- F&B
- other revenues like service

Costs (expenses)

Types of costs
- 2 main costs for hotel/ restaurant, departments
- Other costs such as income taxes and other indirect costs

How to analyze costs?
- Operating and non operating
- Direct and indirect
- Variable and fixed

Indirect costs: Overhead and fixed charges
1: fixed or period
2: related to production capacity
3: depreciation (fixed charges)


Profit/ Loss

Type of profit
- Gross profit
- Departmental profit
- Gross operating profit
- Net profit

Revenue – departmental expenses = departmental income
Departmental income – Overhead = gross operating profit
Gross operating profit – fixed charges = net income
Net income – income tax = net income at