In the first part of the module, accounting basics are discussed and key characteristics are identified in analyzing financial transactions.
Uniform Systems of Accounts for Hotels
Trainees are introduced to the (USAH) – they receive an overview of the system and are given an explanation of why it makes sense to work with a standardized system.
In the third part of the module, international and national laws and regulations that play an important role for the controller of a hotel are introduced.
Trainees learn how to look critically at the operation and results of financial statements including how to interpret them. There are further discussions on the model of the balanced scorecard and how it aids the success of an operation.