Accounting For Hotel Industry A Complete Guide

What you'll learn
Accounting aspects related to Hotel Industry
Requirements
Basic knowledge of Accounting
Description
Welcome to this course "Accounting for Hotel Industry: A Complete Guide"This course is created as a result of continuous demand from existing students. This Course is mainly for working professionals in hotel industry, those who pursuing professional courses in India like CA / CMA / CS and graduation like BCom / MCom / BBA, and those who have an adamant passion to enter into hotel industry and accounting jobs in hotel industry. By taking this course you will be exposed to· Introduction to Hotel Industry· Accounting features of Hotel Industry· Costing & Fixation of room rate· Internal Control & Checks for Hotel IndustryThis course is structured in self-paced learning style - class room teaching model has been adopted to enable the students to understand the concepts with utmost clarity.You can listen course lectures any number of times as the course comes with life time access.For effective listening, please use your headset. While watching lectures, please have a notepad and pen alongside, so that you can take notes of important points.See you inside the course.
Overview
Section 1: Introduction
Lecture 1 Introduction to hotel industry
Lecture 2 Classifications of hotel industry
Lecture 3 Common features of Hotel industry
Section 2: Accounting features
Lecture 4 Accounting features (Room)Part 1
Lecture 5 Accounting features (Room) part 2
Lecture 6 Accounting Features (Food & Beverages) part 1
Lecture 7 Accounting Features (Food & Beverages) part 2
Lecture 8 Accounting Features (Food & Beverages) part 3
Lecture 9 Accounting Features (Foreign exchange compliance)
Lecture 10 Accounting Features (Sales Department)
Section 3: Front Office Accounting
Lecture 11 Introduction
Lecture 12 Guest Account & Non Guest Account
Lecture 13 Folios
Lecture 14 Vouchers
Lecture 15 Different ledgers to be kept by Front Office Department
Lecture 16 Front Office Accounting Cycle
Lecture 17 Tracking of Transactions
Lecture 18 Point of Sale
Lecture 19 Charge Privileges
Lecture 20 Credit Monitoring
Lecture 21 Cash Banks
Lecture 22 Miscellaneous Terms
Section 4: GST for Hotel
Lecture 23 Hotel Industry & Pre GST Era
Lecture 24 GST Composition Scheme for Hotel Industry
Lecture 25 Rate of GST on Food & Beverages (F & B) Sale
Lecture 26 Rate of GST on Hotel Rooms
Lecture 27 Pros of GST on Hotel Industry
Lecture 28 Cons of GST on Hotel Industry
Section 5: Costing & Rating
Lecture 29 Introduction
Lecture 30 Different types of Rate
Lecture 31 Market Based Pricing Method
Lecture 32 Rule of Thumb Method
Lecture 33 The Hubbart Formula
Section 6: Internal checks and Control
Lecture 34 Introduction to Internal Check
Lecture 35 Internal Control - Sales
Lecture 36 Internal Control - Purchase
Lecture 37 Internal Control - Cash
Lecture 38 Various Risks and Control Measures
Section 7: Last Section
Lecture 39 Bonus Lecture
Accountants working in Hotels,Students aspiring to work as Accountant in Hotels


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