Hospitality
Industry Accounting
|
The course is aimed to equip students
with knowledge concerning recording revenues and expenses using industry
practice. Moreover, the procedure of journalizing front office transactions, rebates,
food and beverage sales, cash transactions, membership fees will be stressed
along with the total daily transaction report. Later, the emphasis will be on
departmental income statements, consolidated income statement, and balance
sheet. Eventually, students will be able to analyze financial statement using
various ratios ranging from profitability, liquidity, asset management, to
debt management ratios for the ultimate purpose of prompt decision making and
internal control.
Throughout the course, class discussions, involving case studies, fictual or
real situations seeking solving uncommon problems will be emphasized.