Accounting Procedure In Hotels

ACCOUNTING PROCEDURE IN HOTELS

(A CASE STUDY OF ZODIAC HOTELS LIMITED ENUGU)

TABLE OF CONTENTS

 

Title page

Approval

Acknowledgement

Dedicated

Table of contents

Proposal

 

CHAPTER ONE

1.0            Introduction

1.1            Statement of the problem

1.2            Purpose of the study

1.3            Significance of the study

1.4            Scope and limitation

1.5            Research question

1.6            Definition of term

 

CHAPTER TWO

2.0            Literature review

2.1     The accounting concepts

2.1.1  Business entity concepts

2.1.2    The money measurement concept

2.1.3    Dual aspect concept

2.1.4    The going concern concept

2.1.5    Historical cost concept

2.1.6    The realization concept

2.1.7    The accrual concept

2.1.8    The matching concept

2.2            Accounting conventions

2.2.1    Prudence/conservatism convention

2.2.2    Consisting convention

2.2.3    Materiality convention

2.3            Organization of accounts

2.4            Accounting practice/procedure

2.4.1    Preamble

2.4.2    Cash management

2.4.3    Cash receipts and payment

2.4.4    Purchase of Goods and services

2.4.5    Store keeping and stock control

2.4.6    Sales income

2.4.7    Preparation and payment of salaries and wages

2.4.8    Financial reports and statements

2.5            Chart of accounts

2.5.1    Journals books

2.5.2    The general ledger

 

CHAPTER THREE

3.0            Research methodology

3.1     Population and sample size

3.2            Source of data

3.3            Nature of data analysis

 

 

CHAPTER FOUR

4.0            Data presentation and analysis

4.1     Preamble

4.2            Hypothesis testing

 

CHAPTER FIVE

5.0            Summary of findings

5.1     Recommendations

5.2            Conclusion

Appendix i

Appendix ii

Bibliography

 

 

 

CHAPTER ONE

 

1.0            INTROCUTION

The practice of accounting came into existence many years ago though, there was no acceptable definite record as to when accounting developed.  It should be noted that with the advent of colonial rule in Africa, the European system of accounting was introduced in most of the African countries such as Nigeria.  Then, different kinds of people were employed to take care of farms and properties of the Whitman and after that, they have to account for their success so far to their masters because there is a saying that “for every responsibility, there is a saying that “for every responsible, there is always an accountability”.

So if the origin of accounting system is to be trace, if should start from the time people started giving accounts they used in those days cannot be or is not the same as the method we use in this our modern days but can be seen as a base for the modern days account system.

Many definitions have been put forward by various authors of the subject and all seems to have the same meaning.  One of such definitions is that by the American Accounting Association which defined Accounting as “a process of identifying, measuring and communicating economic information to permit informed judgements and decisions by the users of such.