Hospitality : Accounting in Hospitality Industry

Accounting

Professional studies for hospitality. Professional Accounting Course for hospitality. 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 Accountancy in a hospitality environment, 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.

Accounting

Objectives

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

Accounting for Hospitality - 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

Accounting for Hospitality - Course Benefits:

• Full Tutor Support
• Self paced, no fixed schedules
• Available to students anywhere in the world
• 24/7 Access to the LMS ( Learning Management System )
• Easy to understand quality e-learning study materials

Accounting for Hospitality - Course Material

All course materials are included in the course price. All your study material will be available on our learning management system for which you will get access once you are enrolled. The material can be downloaded and printed as well.

Our distance learning course materials are specially written for home study and contain a wealth of knowledge in easy to understand language. We use variety of media to help you learn. Your course may use any of the following different media which you can use from home or where ever you choose to study:

• Online course materials
• Question papers
• Additional Supporting Material
• Useful Links

Course assessment

You will be continually assessed throughout the course. Your assignment will be marked by your tutor and independently moderated. The feedback on your assignment will then be sent to you. On receipt of this, you may wish to contact your tutor to discuss the feedback.

Tutor Support

When you enrol on a course with CPD you are allocated your personal tutor. Tutor’s help and support will be available throughout your studies with the college. He/she will assess your work and will provide you with regular feedback on your progress.

Accounting for Hospitality

• 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

Accounting

No prior knowledge is required to take this course.

*Note: This is an independent unit not a complete course so does not equalize to a course. This will give you 10 CPD points to add on your CV. At the end of the unit, you can claim CPD Accredited unit by paying £35 accreditation fee and postal charges (£9 for UK students, £15 for outside UK).

Accounting

Upon successful completion of Accounting in Hospitality unit, will be helpful for the people working in hospitality industry, it will help the professionals in developing their CV and ongoing CPD.