1 edition of Advanced hotel/motel accounting. found in the catalog.
Advanced hotel/motel accounting.
by Educational Institute of the American Hotel & Motel Association, Kellogg Center in East Lansing, Michigan
Written in English
|Other titles||Advanced hotel and motel accounting.|
|Contributions||American Hotel & Motel Association. Educational Institute.|
|The Physical Object|
|Pagination||vi, 154 p.,  leaves :|
|Number of Pages||154|
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Book Description This book describes the essential accounting for anyone in the hospitality industry, which includes hotels, restaurants, spas, and similar businesses.
It familiarizes the accountant with basic concepts and then addresses the various types of financial statements and the. accounting. ORGANIZATION The book is designed to give students both a conceptual understanding and a practical use of internal accounting information. The structure and sequence of topics in the book were carefully planned to serve as a basis for developing managerial accounting procedures, quantitative analysis Advanced hotel/motel accounting.
book, and report-ing concepts. Hotel Accounting Procedures. Hotel accounting procedures follow the standards set by generally accepted accounting principals. Daily revenue and and income are recorded in the appropriate account and the expenses are assigned to the correct department.
A record of each physical asset is maintained and the depreciation. Hotel accounting procedures help a firm in the hospitality industry prepare accurate financial statements that conform to regulations and accounting principles.
These regulations include international financial reporting standards (IFRS) and U.S. generally accepted accounting principles. Accounting software for hospitality helps corral all the incoming financial data into one system and offers a dashboard view to see operations at a glance.
In addition to assisting with the daily tasks of reservation and room service transactions, software gives managers tools to handle back office financial duties, like maintenance, payroll. Publisher: Educational Institute of the American Hotel Motel Assoc; 7 edition (J ) Language: English; ISBN ; ISBN ; Package Dimensions: 11 x x inches Shipping Weight: pounds (View shipping rates and policies) Customer Reviews: Be the first to write a reviewAuthor: Raymond Cote, CPA, CCP.
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Therefore, this accounting change will reduce the hotel’s bottom line. Review your OTA agreement To determine if revenue should be recognized on a “gross” or “net” basis, one needs to understand what flexibility the OTA has to discount the room rate, charge additional fees to a guest or combine the room night in a package with other.
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American Hotel & Lodging Association’s most popular book is Managing Fro.Document Type: Book: All Authors / Contributors: National Association of Hotel Accountants.; American Hotel & Motel Association.
OCLC Number: Description: pages illustrations 24 cm.