PRINCIPLE OF ACCOUNTING AND FINANCE IN HOSPITALITY (4 Credits)

Learning Outcome:

On successful completion of this course, student will be able to: Explain the principles of accounting and financial in hotel operations; Practice basic calculations in accounting and financial in hotel operation; Interpret financial statement and other report related to financial department

Topics:

1. Hospitality accounting
2. Accounting principles
3. The recording process 1
4. The recording process 2
5. Exercise of the recording process
6. The trial balance
7. Exercise of the trial balance
8. Account adjustment
9. The accounting closing
10. Income statement
11. Exercise of income statement
12. The statement of cash flows
13. Exercise of cash flows
14. Balance sheet
15. Exercise of balance sheet
16. Financial statement analysis
17. Ratio analysis 1
18. Ratio analysis 2
19. Basic Inventory
20. Exercises of basic inventory
21. Account receivables
22. Credit policies
23. Notes receivable
24. Current liability
25. Payroll
26. Hospitality asset