This book explores the nature of these industry sectors and how these impact on the strategic managerial accounting (SMA) tools used by decision makers in the industry. This new 6th edition builds on the previous text, retaining its practical approach and active learning style, extending to consider strategic management accounting and to include tourism and events management industry contexts. It incorporates discussion, explanations and illustrations of the theoretical underpinning of hospitality, tourism and events related to SMA and managerial accounting concepts and techniques, together with specific examples of industry application. It has a user-friendly chapter structure, with pedagogic features including objectives, learning activities, self-check questions, references, and key points summaries. Each chapter includes �theoretical context' sections which put the applied learning in the context of current research and thinking to bring the theory to life.