Instructor
TypeOnsite Course
DateApr 9, 2015 - Apr 13, 2015
Price$499
Purchase NowBook Now

Description

Whether you’re looking to increase your earning potential, advance your career or transition to a new company, Harpwest’s 100% online certificate in Hospitality Financial Accounting can help you meet your professional goals. Gain targeted skills to boost your career in as little as two weeks!

No pre-requisites or time on job required. This certificate is open to anyone interested in enhancing their hospitality accounting skills.

Certificate Information

  • 100% Online program
  • Start anytime
  • Finish at your own pace
  • Includes textbook & all course materials
  • Course not facilitated by instructor
  • Certificate awarded after successful completion

At the completion of this certificate, you will be able to:

  • Learn the accounting process and roles that accountants play in collecting and presenting financial information.
  • Define major classifications of accounts (assets, liabilities, equity, revenue, and expenses) and describe specific accounts found within each classification.
  • Understand the correct application of debits and credits in analyzing business transactions for a variety of accounting situations.
  • Discuss the basis of the double-entry accounting system and identify the normal balances of the various types of accounts.
  • Describe the posting, journalizing, and closing processes.
  • Identify the purposes and characteristics of specialized journals and subsidiary ledgers.
  • Discuss the advantages and disadvantages of the sole proprietorship, the partnership, the limited liability company, the corporation, and the S corporation, and describe and compare accounting procedures for each.
  • Discuss generally accepted accounting principles and explain the usefulness of each.
  • Distinguish between cash basis accounting and accrual accounting.
  • List procedures that help ensure internal control of a firm’s cash.
  • Discuss how hospitality firms account for bad debt losses.
  • Describe accounting procedures involved in notes receivable and notes payable.
  • Discuss methods of controlling and accounting for inventory.
  • Identify and define the major classifications of adjusting entries and reversing entries.
  • Define ten steps of the accounting cycle.
  • Describe the balance sheet, the income statement, the statement of owners’ equity, the statement of retained earnings, and the statement of cash flows, and discuss the purposes of each.
  • Identify the uniform systems of accounts relevant to the hospitality industry.
  • Explain the purposes of footnotes to financial statements.
  • Identify and describe commonly used depreciation methods.
  • Describe accounting procedures used for property, equipment, intangible assets, and other assets.
  • Describe procedures used to account for current liabilities and payroll.
  • Describe procedures used to account for bonds, leases, and mortgages payable.
  • Explain why hospitality firms invest in the securities of other companies, and discuss accounting for investments.
  • Identify the kinds of information obtained through vertical and horizontal analyses of comparative balance sheets and comparative income statements.
  • Explain ratio analysis and the purposes that it serves for managers, creditors, and investors.
  • Identify and define five classes of ratios and explain their significance.

Description

Whether you’re looking to increase your earning potential, advance your career or transition to a new company, Harpwest’s 100% online certificate in Hospitality Financial Accounting can help you meet your professional goals. Gain targeted skills to boost your career in as little as two weeks!

$199.00 ENROLL NOW