This course will teach relevant accounting terms and concepts as they apply in the hospitality industry. Students will learn the relevance of various transaction types and accounting principles, how to assign the proper category when processing a transaction, and how to track the financial performance of a business. In addition, this course will cover basic techniques of budgeting and cash flow planning, of which are essential for events/project preparation/management, like exhibition. The course adopts a practical, non-technical approach, making it the ideal course for students from non-accounting disciplines.
Course Outline:
Basic accounting concepts and principles
Processing accounting transactions/procedures
Special-Purpose Journals and Subsidiary Ledgers
Payroll Accounting
Property and Equipment, and Inventories
Receivables, Payables, and Corporation Accounting
Financial statements
Measuring and reporting cash flows
Analysing and interpreting financial statements, position and performance
