Mata Kuliah : Pengantar PerhotelanTahun : 2013Pertemuan: 12Finance & Accounting Departement

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Topics

• Finance• Accounting

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Learning Outcomes

• Students are able to differentiate between finance and accounting in hotel industry

• Students are able to explain each job position and job task in finance and accounting department.

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The Importance of Finance and Accounting Dept.

• Transaction – Sell and Buy• In and out cash flow• Purchasing and Payment• Wages and Salaries

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Payment Methods in Hotel

• Cash• Credit cards• Transfer• Voucher• Traveller Cheque• Guarantee Letter (for Corporate Account)

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Room Rate• Rack rate/Normal rate/Published

rate• Discount rate• Complimentary rate• Weekdays/weekend rate• Family rate• Special rate• Corporate rate• Package rate• Promotional rate

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Scope of Work in Finance and Accounting Department

Accounting• Posting daily transaction into journal• Prepare financial statement – balance sheet and profit/loss statement• Interpret financial condition which will be analysed by Finance

Finance• Plan the maximum used of company assets• Plan capital bugdet and cash budget• Dividend payment• Distribute finance information to stakeholders.

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Finance/Accounting Department Structure

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Interdepartmental of Accounting n Finance Dept

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Conclusion

• In many The finance and accounting department combines staff functions and line functions, or those functions directly responsible for servicing guests.

• The existance is important to afford the hotel corporation an independent verification of the financial and operating results of the hotel.