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Accounting Methods in Hotel and Tourism Industry


Summary

Hotel accounting is no longer as simple as it used to be, since it requires major focus on financial transactions of the hotel, beside the accounts Income and Expenditure, Taxes, Credit and Debit accounts over a certain period of time. The British Academy for Training and Development presents this training course in (Accounting Methods in Hotel and Tourism Industry) for all professionals wishing to develop their skills and abilities in the accounts department, by understanding all professional aspects, beside the effective and modern methods to generate accurate results. Having a profitable tourism establishment is not a simple mission, and one of the most significant conditions for success in tourism sector, is the presence of professional accountant able to manage the accounts of the business, through a solid accounting system.

Development and enhancement of the skills and abilities of employees working within the Public Relations field, is considered very important, since it constitutes a part of the globally applicable procedures, including contemporary applications of rules and regulations adopted by International Organizations, under Global Protocol Regulations, for communication between countries, establishments, and organization on the International level.

Through this course we are going to introduce the rules and practices of gentle behavior, the best practices for communication with others, good reception, since all such related matters represent a large portion of our personality.

Objectives and target group

The British Academy for Training and Development presents this course for the following audience:

  • Directors and owners of Hotels and other Tourism Establishments (Restaurants, Resorts, and Tourism Facilities).
  • Heads of Accounting Departments in Hotel and Tourism Establishments.
  • Accounts Department Heads of tourism establishments.
  • All accounting personnel in the Hotel Industry.
  • Directors and owners of Tourism Enterprises.
  • Shareholders and Owners of Tourism Offices.
  • Managers of PR departments in tourism companies.
  • Heads of subsidiary offices of PR in tourism companies.
  • All administrative personnel in the tourism sector.
  • Owners and Directors of Travel agencies.
  • Directors of airlines and Maritime Navigation Establishments.
  • Students of Media Colleges who have a tendency to work in the Tourism Sector.

How will participants benefit from the course?

After completing the program, participants will be able to learn:

  • Calculation of financial transactions over a certain period of time and generation of accurate results.
  • Preparation of monthly financial reports.
  • Management of accounts receivable and accounts payable
  • Tax computations and returns.
  • Payroll administration, and implementing and maintaining internal financial controls and procedures.
  • Proper methods of financial transactions carried out by the hotel during a certain period of time.
  • Reconcile and maintain balance sheet accounts and general ledger operations.
  • Prepare journal entries and assist with monthly closings and preparation of financial statements.
  • The concept of PR Manager and the related professional mechanism.
  • Proper methods and techniques to develop relationships with other tourism service providers.
  • Proper methods to launch Tourism Promotional Campaigns on the tourist attractions and local features of the country.
  • Provide improvements in the strategic context of Tourism Products & Services through the Media.
  • Creation and development of Attractive Tourism Image of the country, in order to increase the number of Tourist Groups.
  • Showing the true compelling image of the local society of the country, and effective techniques to correct any possible misconceptions thereof.
  • Defining the Long-Term or Short-Term Objectives for campaign implementation.
  • The major role of the Media in Tourism Development.
  • The role of Tourism Media in the overall economic advancement of the country.
  • Methods of Tourism promotional campaigns of the major tourist attractions.

Course Content

  • Understanding the mechanisms of financial transactions conducted within the company.
  • Budget control, and Preparation of financial accounts and statements;
  • The major global accounting systems and methods.
  • Receipt and crediting of payments and remittances.
  • Writing financial reports related to the financial statements of the company, for a certain period of time.
  • Collecting entitlements of all employees, according to the approved payroll, wages, and incentives spent during the month.
  • Rendering of periodic financial statements to Manager and Board Officers.
  • How to discover and adjust any fake expenses on and control all financial transactions.
  • Understand successful methods of PR strategic planning.
  • Transfer compelling corporate image to the public opinion.
  • Develop solid business relations with all tourism service providers in the Tour and Travel Sector.
  • Build comprehensive business image of the Tour and Travel Sector in the state.

Course Date

2024-07-01

2024-09-30

2024-12-30

2025-03-31

Course Cost

Note / Price varies according to the selected city

Members NO. : 1
£3800 / Member

Members NO. : 2 - 3
£3040 / Member

Members NO. : + 3
£2356 / Member

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