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Accounting in Hospitality Industry


Overview

Accounting in Hospitality Industry

Becoming a capable leader in a hospitality setting means developing a working knowledge of every key operating process. One of which being accounting – one of the most important administrative duties for any business. The accuracy or otherwise of a hotel’s accounts has a direct impact on the profitability and viability of the entire business. Put simply, no organisation can succeed without flawless accountancy standards at all times. The more accurate and complete the hotel’s accounts, the easier it becomes to maximise revenues, minimise expense and generally keeps tabs on the firm’s financial performance. Without a strong grasp of basic accountancy, there’s only so far a career in hospitality can go.

This exclusive tutorial has been designed for current and prospective hotel managers alike. Explore the role and value of accurate accounting in the hospitality industry, along with the various types of accounts within a hotel. Study profit and loss reports, account balance sheets, revenue and expense records, petty cash, the basics of budgeting and more. 

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Objectives

  • Describe basic principles of Accounting
  • Analyze the Types of Accounts the Front Desk deals with

Programme Content

Topics:

  • What is an Account?
  • Types Of Accounts At The Front Desk
  • Basic Principles of Accounting:
  • Types Of Folios Used In Hotels
  • The Profit And Loss Account and Balance Sheet
  • Profit And Loss Accounts
  • Recording Revenue
  • Recording Expenses
  • Petty Cash
  • Balance Sheet
  • Budgeting

Target Audience

  • Confident, self motivated and passionate individuals
  • Hospitality workers seeking for CPD
  • Hospitality staff  looking to expand knowledge and skills
  • Candidates looking to enhance their CVs
  • Anyone interested to expand their knowledge

Prerequisites

No prior knowledge is required to take this unit.

Overview

  • Participants:8 - 400
  • Duration: 2 - 3 hours
  • Participation:Only collaborative

Key Benefits

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Course Level
Study Method Online
Course Duration 10 Hours
Start Date on going
Awarding Body
Pay in Instalment Full Fee £ 120, Deposite £ , ( £ 0/month )
Full Fee:    £ 120

Discount:    £ 30

Pay Today:    £ 90


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Pay in Instalment Full Fee £ 120, Deposite £ , (£ 0/month)
you can pay Staff Training Solutions using payatrader
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