PRINCIPLES OF TOURISM ACCOUNTING AND FINANCE (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: identify the uses and users of accounting; explain accounting principles and accounting cycles; interpret financial statement and the analysis.

Topics:

1. Hospitality accounting in action
2. Accounting principles
3. The recording process
4. Adjusting the accounts
5. Completion of the accounting cycle
6. Financial statements
7. Financial statement analysis
8. Accounting for merchandising operations in hospitality
9. Inventories and cost of goods calculation
10. Internal control and cash
11. Payroll
12. Accounting for receivables and payables
13. Long-term and intangible assets