Master Class Hospitality Chief Accountant Jun-Aug 2021 Batch

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Enrolled: 1 student
Duration: 3 Months
Lectures: 40
Video: 20 Hours
Level: Advanced

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hotel chief accountant, master class

Growth in a Hotel finance career requires Specialised Technical skills apart from general Accounting and finance fundamentals. in this master class, we will be helping you acquire all skills that are necessary to become chief accountant/accounting manager in a large size hotel/resort.

Usually, a path to become a Chief accountant or accounting manager in a hotel after graduating from the university may take anywhere from 2 years to 5 years depending on individual competence, skills, knowledge, and desire.

A typical Journey to become a hotel chief accountant may include

  1. Working at Junior levels in the Payables, receivables, General Accounting department of the hotel to gain a basic understanding of the hotel operation process.
  2. Growth to Supervisor takes about 1-3 years (sometimes many more) depending on hotel training plans, individual interest, and learning abilities.  At Supervisory levels, individuals learn to manage small teams, become accountable for tasks of the team, and manage a process.
  3. From here individuals may take anywhere between 2-3 years (Sometimes much more) and are required to study to gain knowledge to be able to handle
    1. Monthly Financial Statements (as per USALI)
    2. Management Payments, receivables, approval processes
    3. Create Management Reports
    4. Overall leadership for the accounting department, hiring, promotions, team management.

Associates have options either to learn from experience and wait till positions become vacant or learn through additional resources such as this master class on how to become a chief accountant and create opportunities for themselves.

Subscribe to this Master Class now and Gain a Chance to Learn from Industry leaders in finance & grow your career. 

How the master class to become a chief accountant in the hotel will be delivered

– Classes will be delivered in Hybrid mode. There will be some pre-recorded videos and Few Live Sessions. Most of the course will be delivered through live interactions and practical examples based on your work experience.

– Course will be catered to individual needs and the focus will be emphasized on individual past experience in hotel accounting and learning abilities.

– You will need to complete Assigned Pre-recorded videos

– Once a week we will have a virtual class via zoom/google meet to discuss live issues and explaining the concepts shared in pre-recorded vedioes. So you will be able to prepare on your own pace and get interactive learning as well.

– Each week you will be given an assignment to complete.

– At the end, of course, you will be given a master assignment, after the successful completion of such an assignment, you will get the certificate of achievement.

What we will cover in this Master Class.

  • Fundamentals of Accounting Principals
  • Setting up the Financial System for Hospitality
  • Understanding how different department works and impact financial statements
    • Income Audit Department
    • Cost Control Process
    • Credit and AR department
    • Accounts Payables
    • Fixed Asset Controls
    • Hotel Operations department
  • Monthly Financial Statement closing process
  • Leadership and Soft Managerial skills Required
    • hiring,
    • managing teams,
    • performance evaluation,
    • communications,
    • Decision-Making skills
  • USALI Standards and Reports
  • Management Reports
  • Data Analysis

Here is a sample of our recorded course. you can subscribe to this course for checking before committing to this class. learn how to Analyze Hotel Financial Statements to improve profitability in 2021

The trainer for this master class to become chief accountant/accounting manager in the hotel/resort is Mr Manish Gupta- Click here to check Linked in Profile

Energetic and ambitious Chartered Accountant and Result-oriented Hospitality professional, offering +10 years of extensive experience in Finance, Audit, Risk management, and Hotel Operations.
I have hands-on experience in Monthly Reporting, Budgeting, forecasts, P&L analysis, and leading projects. I have led ERP implementation for 16 hotels in our Group.
Blessed with a positive attitude and Topline growth approach towards business. Improving productivity and cost efficiencies without compromising quality

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Week 1 - Understanding Hotel Finance Department and its relation ship with other departments

1
Introduction to the Master Class – Chief Accountant
5 Minutes

This lesson is just to explain the structure of the course.


2
Understanding Structure of Hotel & Hotel finance department
20 Mins

In this lesson, we will be discussing on How hotels' operation and finance departments are structured

3
How Hotel Finance Department is connected with other hotel departments
30 Minutes

In this class we are discussing hospitality finance and its relation with other industries

4
Uniform System of Accounting for Lodging Industries (Corner Stone of hospitality accounting)
10 MIn

In this lesson, you will learn what is Uniform system of accounting for lodging industries.

5
How Hospitality Accounting is different and its uniqueness
10 Mins
6
First Live class – What is Hotel organization structure and hotel finance interact with other
1 Hour

Watch the recording of our live discussion,

7
Live Class – 6th June – Explaining Hotel finance concepts of Accruals, Prepayments and Allocations
1 Hours

This is our second live interaction where we explained three important concept of hotel accounting.

Week 2 & 3 - Understanding Uniform System of Accounting Lodging Industry (USALI)

1
USALI – Rooms Department
3 Hours

You will be given the link and access to another course having detailed videos on this topic. as part of this master class you will be enrolled to the detailed course without any extra cost

2
Live Class – 12th June – Recording Uploaded
1 hour

you can watch the recording of class here.

3
Live Class – 13th June – Recording
1 Hours
4
USALI – F&B Department
3 Hours

You will be given access to another course on our website, without extra cost.

5
USALI – Other Operating Departments
1 Hour

You will get a link to a course on our website and you will need to complete that.


6
LIVE Class – 19th June 2021
7
Live Class 20th June 2021 – 7 pm IST

Week 4 - USALI (Non Operating Departments) and Other Reports

1
USALI – Administrative & General
2
USALI – Sales & Marketing
3
USALI – Maintenance and Utilities
4
USALI – Information Technology
5
USALI – Other Statistics Reports
6
Live Class 26th June 2021 7 PM IST
7
Live Class 27th June 2021 7 pm IST

Week 5 - Managing Accounts Receivables in Hotels

1
Classification of Hotel AR & Process of Generation
2
Control Aspects of Hospitality Accounts Receivable
3
Live Class – 3rd July 2021 7 pm IST Credit Policy
4
Live Class – 4th July 2021 7pm IST Q/A on Credit & AR

Week 6 - Managing Credit Function in Hospitality

1
Role of Credit Department
2
Key reports used in credit department
3
Credit Meeting and Best Practices
4
Rebates / Adjustments – Controls and Accounting
5
Live Class – 10th July 2021 7 pm IST – Income Audit Processes
6
Live Class – 11 July 2021 – 7 pm IST – Q/A and Best Practices

Week 7 - Hotel Income Audit Department

1
Role of Income Audit Department in Hotel
2
Income Audit Reports in Hospitality
3
Cash Control process (Counting, Floats and Reconciliations)
4
Live Class – 17th July 2021 – 7 pm IST
5
Live Class – 18th July 2021 – 7 pm IST

Week 8 - Hotel Cost Control Department

1
Structure & Role of Hotel Cost Control Department
2
Cost Control Processes for Accounting – Stores, Receiving
3
Cost Board and other reports necessary for hotel accounting
4
Overview of other processes of cost control (tests/ checks)

Week 9 - Hospitality Accounts Payable Department

Week 10 - General Accounting and Reconciliations

Week 11 - Hotel Fixed Asset Controls and Balance Sheet

Week 12 - Hospitality Internal Controls & Team Management

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Master Class Hospitality Chief Accountant Jun-Aug 2021 Batch
Price:
$1,000 $49