Revenue Audit and Controls in Hotel Management
Details
- Understand Reporting & Recording Requirements in Hotels
- Spot Checks and Verification needed to ensure completeness and accuracy
- We will not learn how to make report
- Understand Risks Involved in Hotel Industry Revenue Cycle and how analysis of various reports help mitigation
Outline
Overview
- Overview of Income Audit Functions,
- Qualities of Income Auditor,
- Fundamental Terms Explained and
- Room Segmentation and why it’s important.
Recording and Reporting Requirement
- Trial Balance
- Sample format of Daily Revenue Reports.
Control aspects and monitoring
- Revenue Control Aspects,
- Rate Variance Report and Room Discrepancy Report,
- Rebates and Collection Controls,
- Other Reports Explained (Credit Card Batch,Comp Report, Entertainment Summary)
- Spot Checks.
Internal Audit Meeting
- Audit Memo,
- Monthly Meeting & Minutes
FOR WHOM:
Revenue Auditors, Chief Accountant, Finance Managers, Operations managers, Small Hotel Owners and those who undertakes internal auditing of a hotel.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.