Fundamental Accounting Rules and Policies for small hotel business Owners
In this course, we will be covering the basics of Financial Accounting rules, accounting equations, chart of accounts keeping in mind practical situations in small hotel businesses. we’re going to take a short exercise to confirm the different types of translations in small businesses.
This course is not for theoretical purposes but will be covering the Practical aspects of small businesses. We will also be covering different accounting policies which are normally required in small businesses such as
1. depreciation accounting.
2. Fixed Asset Accounting
3. Revenue Accounting
4. expense accounting and as well as the working capital.
These are generally accepted and followed accounting policies and controls which small hotel business should be putting in their business. These policies are in line with internationally accepted accounting standards however, different countries may require separate accounting treatments.
We will also learn what are the drawbacks & limitations of the impact of choosing different accounting policies.
Videos may give you the feeling of being in live classroom as courses are part of my live class for startup founders.