Certificate in Accounting & Hospitality

Description

Course Name: Certificate in Accounting & Hospitality

Course Id: CAH/Q1001.

Eligibility: 10th Grade (high School) or Equivalent.

Duration: 90 hrs (Equivalent to 3 months).

Objective: The Certificate in Accounting & Hospitality is a specialized program designed to combine the principles of accounting with the specific needs of the hospitality industry. This course equips students with essential financial management skills tailored for the hospitality sector, such as hotels, restaurants, event management, and tourism-related businesses. Students learn how to manage finances, handle accounting tasks, and ensure efficient financial operations within a hospitality environment.

How You will Get Diploma Certificate:

Step 1- Select your Course for Certification.

Step 2- Click on Enroll Now.

Step 3- Proceed to Enroll Now.

Step 4- Fill your Enrollment details and proceed to Pay.

Step 5- You will be redirected to payment gateway, pay exam fee by following options.

Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 6- After payment you will receive e-learning books and online exam link on your email id.

Step 7- After completion of  e-learning attempt online examination.

Step 8- After online examination you will get certificate soft copy(scan copy) and hard copy(Original with seal and sign).

Step 9- After certification you will get prospect Job opportunities as per your Interest area.

Online Examination Detail:

Duration- 60 minutes.
No. of Questions- 30. (Multiple Choice Questions).
Maximum Marks- 100, Passing Marks- 40%.
There is no negative marking in this module.

Marking System:
S.No.	No. of Questions			Marks Each Question		Total Marks
1	10			5		50
2	5			4		20
3	5			3		15
4	5			2		10
5	5			1		5
	30					100
How Students will be Graded:
S.No.		Marks	Grade
1		91-100	O (Outstanding)
2		81-90	A+ (Excellent)
3		71-80	A (Very Good)
4		61-70	B (Good)
5		51-60	C (Average)
6		40-50	P (Pass)
7		0-40	F (Fail)

Benefits of Certification:

• Government Authorized Assessment Agency Certification.
• Certificate Valid for Lifetime.
• Lifetime Verification of Certificate.
• Free Job Assistance as per your Interest Area.

Syllabus:

Introduction to Accounting in Hospitality: Basics of accounting principles, Importance of accounting in hospitality, Double-entry bookkeeping, Types of financial statements, Understanding assets and liabilities, Revenue and expense management, Introduction to financial ratios, Cash vs. accrual accounting, Role of accounting software in hospitality, Ethical considerations in hospitality accounting.

Financial Transactions & Record Keeping: Recording daily financial transactions, Managing sales and purchase invoices, Handling accounts payable and receivable, Bank reconciliation process, Petty cash management, Understanding journal entries, Preparing trial balance, Managing guest folios and billing, Common errors in record-keeping, Automated accounting systems in hospitality.

Cost Control & Budgeting in Hospitality: Importance of cost control, Cost classification (fixed, variable, direct, indirect), Budgeting techniques in hospitality, Forecasting revenues and expenses, Food and beverage cost control, Labor cost management, Energy and utility cost management, Inventory control methods, Break-even analysis, Strategies to improve profitability.

Payroll Accounting & Taxation in Hospitality: Introduction to payroll management, Employee compensation and benefits, Tax implications on payroll, Hospitality industry tax regulations, Service charge distribution and accounting, Handling gratuities and tips, Tax deductions and reporting, Compliance with labor laws, Understanding Value Added Tax (VAT) and Goods and Services Tax (GST), Filing tax returns for hospitality businesses.

Financial Reporting for Hospitality Businesses: Understanding income statements and balance sheets, Cash flow statement preparation, Analyzing profit and loss accounts, Statement of changes in equity, Financial statement audits, Key performance indicators (KPIs) in hospitality finance, Ratio analysis for decision-making, Interpreting financial data, Role of financial reporting in business planning, Compliance with accounting standards.

Hotel & Restaurant Accounting Software: Introduction to hotel accounting software, Features of Property Management Systems (PMS), Integration of accounting and reservation systems, POS (Point of Sale) system accounting, Cloud-based accounting solutions, Automating financial processes, Generating financial reports through software, Data security and privacy in hospitality finance, Software training and troubleshooting, Case studies of leading hospitality accounting software.