Hospitality Accounting ON DEMAND
Available Until
Your Desk
19.0 Credits
Member Price $399.00
Non-Member Price $459.00
Overview
The hospitality industry requires an accounting system distinctly tailored to its dynamic nature. This course addresses the need for specialized knowledge in financial and managerial accounting within this sector. For accountants working in hotels, restaurants, spas, and similar businesses, understanding these specific requirements is crucial to success. This course goes beyond basic concepts, delving into the preparation of various financial statements and the detailed accounting processes involved in constructing them. This course covers key financial accounting topics such as payroll, fixed assets, and payables, as well as managerial aspects like budget construction, price formulation, cost-volume-profit analysis, and effective cash management. Participants will gain not only theoretical knowledge but also practical skills, essential for proficiently managing the accounting demands of the hospitality industry.
Highlights
Hospitality accounting. System of accounting. Financial statements. Receivables and payable accounting. Payroll accounting. Inventory accounting. Fixed asset accounting. Interest capitalization. Debt accounting. Income taxes. Controls. Pricing methodologies. Ratio and trend analysis.
Prerequisites
None.
Designed For
CPAs and other business and finance professionals.
Objectives
Cite the operating characteristics of the hospitality industry. State the intent of the accounting cycle. Cite key accounting principles. Cite the source of the information in the trial balance. Identify the different types, contents, and formats of the financial statements. Cite the different types of receivable and payable transactions. Identify the documents associated with the processing of receivables and payables, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $459.00
Member Price $399.00