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.
Reference Book:
Cost Accounting - Dr. R. Ramachandran & Dr. R. Srinivasan, Sriram Publications, Madurai, 2006. Cost Accounting – T. S. Reddy and Y. Hari Prasad Reddy – Margham Publications, Chennai, 2009. Management Accounting - Dr. R. Ramachandran & Dr. R. Srinivasan, Sriram Publications, Madurai, 2006.
Text Book:
Advanced accountancy II – S.P Jain , K.L Narang, Kalyani Publishers, New Delhi, 2007 (Unit I) Cost Accounting –Dr. A. Murthy and Dr. S. Gurusamy, Vijay Nicole Imprints Private limited, Chennai, Second Edition 2014. (Unit II, III and IV) Management Accounting –Dr. A. Murthy and Dr. S. Gurusamy, Vijay Nicole Imprints Private limited, Chennai, Second Edition 2014. (Unit V)