3rd/4th Sem Hotel Accountancy Notes

01 Uniform System of Accounts for Hotels

1. Introduction to Uniform system of accounts
2. Contents of the Income Statement
3. Practical Problems
4. Contents of the Balance Sheet (under uniform system)
5. Practical problems
6. Departmental Income Statements and Expense statements (Schedules 1 to 16)
7. Practical problems

02 Internal Control

1. Definition and objectives of Internal Control
2. Characteristics of Internal Control
3. Implementation and Review of Internal Control

03 Internal Audit and Statutory Audit

1. An introduction to Internal and Statutory Audit
2. Distinction between Internal Audit and Statutory Audit
3. Implementation and Review of internal audit

04 Departmental Accounting

1. An introduction to departmental accounting
2. Allocation and apportionment of expenses
3. Advantages of allocation
4. Draw-backs of allocation
5. Basis of allocation
6. Practical problems