Accounting for Tourism
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Course informations
| Study program level |
Undergraduate |
| Study program |
Management |
| Study program direction |
Management of rural tourism |
| Course year |
2. |
| Course semester |
III |
| Course status |
Core |
| ECTS |
6 |
| Lectures (h) |
30 |
| Excercises (h) |
30 |
| Seminars (h) |
- |
Course objectives
- To familiarize students with accounting basics and to enable accounting business management through understanding the logic of an accounting based recording of business transactions
- Understand the structure and content of the financial statements
Course outcomes
Name of the set of learning outcomes: Accounting standards and records
Level: 6
- Establish and apply basic accounting standards in business.
- To justify the need to provide accurate and relevant data for the compilation of accounting records.
- Recommend a system for collecting the necessary accounting information.
- Assess the conjugation of the tax system and accounting records
Name of the set of learning outcomes: Financial accounting
Level: 6
- Establish basic concepts related to accounting (accounting, bookkeeping, balance sheet, profit and loss account, dual bookkeeping, account, etc.).
- Perform posting business events in a journal and main book.
- Apply knowledge in the recording of more complex bookkeeping events.
Name of the set of learning outcomes: Accounting reporting
Level: 6
- Compile and review the underlying financial statements, explain and analyze them, identify which financial statements affect individual business events and explain how they affect them.
- Validate a single category within financial statements.
- Determine the timing of delivery of the financial statements to the competent institutions.
- Create internal and specific reports irrespective of mandatory annual financial statements.
- Use computer applications in the bookkeeping function.
Course content
Defining accounting and its structure. Accounting principles and standards. Accounting process - business events. Bookkeeping documents. Accounting account. Business books. Accounting monitoring of business events - assets, liabilities, capital. Accounting for business expenses, charges, income. Content of financial statements. Revision of financial statements. Analysis of financial statements. Taxation of tourism services. Accounting function in hotel business systems. Accountability of Hotel Accountability Centers. Reporting system in hotel industry - USALI system (Uniform System of Accounts for the Lodging Industry).
