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Hotel Accounts Management and Cost Accounting System


Summary

The British Academy for Training and Development presents this training course in (Hotel Accounts Management and Cost Accounting System) to all professionals wishing to understand the latest accounting systems in tourism establishments, by understanding all professional aspects, beside effective and modern methods to generate accurate accounting results. Having a profitable tourism establishment is not a simple mission, and one of the most significant conditions for success in tourism sector, is the presence of professional accountant able to manage the accounts of the business, through a solid accounting system.

Hotel accounting is no longer as simple as it used to be, since it requires major focus on financial transactions of the hotel, beside the accounts Income and Expenditure, Taxes, Credit and Debit accounts over a certain period of time. Having a profitable tourism establishment is not a simple mission, and one of the most significant conditions for success in tourism sector, is the presence of professional accountant able to manage the accounts of the business, through a solid accounting system.

Objectives and target group

The British Academy for Training and Development presents this course for the following audience:

  • Managers and owners of tourism establishments and hotels wishing to introduce Accounting Scientific Methods in their establishments.
  • All personnel in accounts departments within hotels and various tourism establishments.
  • Managers of Accounts and Management Departments.
  • Hotel Deputy Directors.
  • Hotel Supervisors and Senior Monitors.
  • All personnel working in various Tourism Enterprises.
  • All Hotel Administrative Staff.
  • Staff responsible for tourism facilities such as hotels, swimming pools, and parks.
  • Directors of hotels, resorts, and all kind of tourism facilities.
  • Owners of Travel and Tourism Agencies.

How will trainees benefit from the Course?

After completing the program, trainees will be able to master the following topics:

  • Methods of Financial Performance Accounting for enterprises, according to globally certified accounting system.
  • Supervision & Reporting Methods on all hotel sections, and preparation of a daily overview of workflow mechanisms.
  • Proper ways to deal with complaints that may be raised by hotel guests.
  • Reconcile and maintain balance sheet accounts and general ledger operations.
  • Prepare journal entries and assist with monthly closings and preparation of financial statements.
  • Preparation of monthly financial reports.
  • Management of accounts receivable and accounts payable
  • Tax computations and returns.

Course Content

  • Payroll administration, and implementing and maintaining internal financial controls and procedures.
  • Definition and Concepts of Cost Accounting System in Tourism Establishments.
  • Methods of Accounting System Management.
  • Development Strategies of accounting systems.
  • Understanding the mechanisms of financial transactions conducted within the company.
  • Budget control, and Preparation of financial accounts and statements;
  • The major global accounting systems and methods.
  • Receipt and crediting of payments and remittances.
  • Writing financial reports related to the financial statements of the company, for a certain period of time.
  • Collecting entitlements of all employees, according to the approved payroll, wages, and incentives spent during the month.
  • Rendering of periodic financial statements to Manager and Board Officers.
  • How to discover and adjust any fake expenses on and control all financial transactions.

Course Date

2019-11-18

2020-02-17

2020-05-18

2020-08-17

Course Cost

Note / Price varies according to the selected city

Members NO. : 1
£2900 / Member

Members NO. : 2 - 3
£2320 / Member

Members NO. : + 3
£1885 / Member

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