Hotel and Restaurant Accounting

Advanced technical study of financial accounting specifically optimized for commercial lodging and food services, emphasizing managerial reporting frameworks.

Batch:
Type: Online
Fees: 69.00 $
Next Batch
Duration: 3 Hrs.
Sessions: 8
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Instructor Profile

Prerequisites

Basic Accounting Principles / Revenue Management: Maximizing Profit

Description

USALI (Uniform System of Accounts for the Lodging Industry); P&L Statements; Balance Sheet Analysis; Daily Flash Reports; Labor Cost Accounting; Cost-Volume-Profit (CVP) Analysis.

Master specialized financial statements under global hospitality reporting guidelines, isolate departmental financial leaks, and evaluate cost-benefit ratios accurately.

Students will be able to reconstruct a standard USALI-compliant profit and loss report, identify food/beverage accounting discrepancies, and calculate precise break-even points.

USALI Ledger Templates; Advanced Financial Calculators; Accounting Simulation Dashboards; Monthly Financial Discrepancy Case Logs.

Course Rules

All balance sheets and income calculations must achieve absolute visual alignment to the dollar. Zero tolerance for un-itemized financial balancing shortcuts.

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