Hotel accounting – Meaning - Types of customers or guests of hotel - Important terms in connection with Hotel business - Front Office - Back office of the house - General book keeping - Final accounts of Hotel Industry.

Cost accounting : Definition of cost - Costing, Cost Accounting and Cost Accountancy – Scope and Objectives of cost Accounting - Cost accounting Vs Financial Accounting - Difference between Cost Accounting and Financial Accounting - Essential of good costing system - Classification of cost - Important terms of Cost Accounting - Types of cost.

Elements of cost: Materials – Labour – Expenses - Overheads - Classification of Overheads - Expenses excluded from costing. Cost Sheet: Purposes of cost sheet - Specimen of Cost Sheet - Preparation of Cost Sheet.

Material control: Meaning of material control - Objectives of Material Control –Essentials – Advantages. Purchasing: Purchase department and its objectives - Centralized Vs Decentralized Purchasing - Qualification and duties of Purchase Manager. Inventory Control and its techniques – Economic Order Quantity - Pricing of Material issue.

Budgeting: Introduction – Meaning of Budget and Budgeting. Budgetary Control: Objectives – Advantages – Limitations – Classification of Budgets. Preparation of Budget: Purchase Budget, Material Budget, Production Budget and, Sales Budget.