The British Academy for Training and Development offers this training program in “Accounting System and Cost Accounting System in Hotel Establishments”, aimed at building specialized knowledge among participants regarding the nature of accounting work within the hospitality sector. This sector is characterized by unique operational and financial features that require carefully designed accounting systems.

This program highlights practical methods for designing and implementing an accounting system that serves the diverse activities of hotels, starting from managing daily revenues and expenses, recording operations related to rooms and food and beverage services, and ending with analyzing operating costs and evaluating the hotel’s overall financial performance. The program also focuses on the specialized aspects of cost accounting, including cost centers, cost allocation, and systematic cost monitoring, which helps the hotel make more efficient and effective financial decisions.

Who Should Attend?

• Finance department staff working in hotels and resorts.

• Account managers and professional accountants in the hospitality sector.

• Entrepreneurs and investors in the hotel and tourism industry.

• Financial control and internal audit staff in hotel establishments.

Knowledge and Benefits:

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

• Acquire the skills to establish and update the accounting system within hotel establishments.

• Clarify the accounting differences between commercial and hotel enterprises.

• Enable participants to establish a cost accounting system specific to hotel operations.

• Introduce participants to the fundamentals of classifying hotel costs and revenues and linking them to financial reports.

• Enhance participants’ ability to prepare financial statements and monitor the financial performance of hotels.

• Hotel Accounting System – Introduction and Fundamentals

  • General concepts of the accounting system in the hospitality sector.

  • The role of the accounting system in supporting management decisions.

  • Components of the accounting cycle in hotels.

• Computerized Accounting Systems in Hotels

  • Features of hotel accounting software.

  • Advantages of digital transformation in hotel accounting.

  • Accounting challenges in electronic systems.

• Preparing a Hotel Chart of Accounts

  • The concept and importance of the chart of accounts in a hotel.

  • Designing a chart of accounts that matches hotel activities.

  • Linking the chart of accounts to financial performance reports.

• Daily Accounting Operations in Hotels

  • Recording cash and banking transactions.

  • Managing guest ledger accounts.

  • Recognizing daily revenues and expenses.

• Hotel Revenues and Their Accounting Classification

  • Sources of revenue in hotels.

  • Methods for measuring and recording revenues.

  • Linking the accounting system with reservation systems.

• Operating Expenses in Hotels

  • Types of hotel operating expenses.

  • Recording and analyzing expenses.

  • Controlling operating expenses.

• Payroll and Benefits Accounting in the Hospitality Sector

  • Organizing payroll within the accounting system.

  • Accounting for incentives and bonuses.

  • Payroll settlement and its relationship to costs.

• Taxes and Zakat in Hotel Operations

  • Types of taxes related to the hospitality sector.

  • Accounting recording of taxes and Zakat.

  • Preparing tax and accounting declarations.

• Introduction to Hotel Cost Accounting

  • Differences between financial accounting and cost accounting.

  • Objectives of cost accounting in hotels.

  • Cost elements in the hospitality environment.

• Classification of Operating Costs in Hotels

  • Direct and indirect costs.

  • Fixed and variable costs.

  • Practical examples of cost classification.

• Cost Centers in Hotels

  • The concept and accounting function of a cost center.

  • Types of cost centers in hotel establishments.

  • Allocating costs to different centers.

• Activity-Based Cost Analysis

  • Using ABC techniques in hotels.

  • The relationship between activities and costs.

  • Benefits of activity-based analysis in improving efficiency.

• Calculating the Cost of Hotel Services

  • Methods for calculating the cost of rooms and additional services.

  • Determining the cost of hotel occupancy.

  • Factors affecting service pricing.

• Food and Beverage Costs (F&B)

  • Analyzing the cost of meals and beverages.

  • Calculating unit cost of food items.

  • Controlling costs in kitchen and restaurant departments.

• Cost Control in Hotels

  • Financial control tools for cost management.

  • Cost-related performance indicators.

  • Internal control reports and their role in regulation.

• Preparing Monthly Cost Reports

  • Structure of monthly cost reports.

  • Reading and analyzing financial performance results.

  • Recommendations derived from cost reports.

• Financial Statements in Hotel Establishments

  • Preparing the hotel income statement.

  • The statement of financial position and its characteristics.

  • Cash flow statement and related analysis.

• Accounting Treatment of Hotel Investment Operations

  • Capital expenditures and their accounting treatment.

  • Fixed assets in hotels and their depreciation.

  • Accounting standards specific to hotel investments.

• Financial Performance Evaluation in Hotels

  • Profitability, liquidity, and efficiency indicators.

  • Financial analysis using ratios.

  • Financial performance reports for senior management.

• Hotel Budgeting

  • Preparing operational and capital budgets.

  • Using budgeting as a control tool.

  • Comparing actual performance with the budget.

• Accounting Audit in Hotels

  • Types of internal and external audits.

  • Audit procedures within hotels.

  • Addressing audit observations and recommendations.

• Year-End Closing in Hotel Establishments

  • Accounting steps before final closure.

  • Preparing inventory adjustments and closing entries.

  • Submitting financial reports to management.