Hotel Accounting

Hotel Accounting I or Managerial Accounting measures, analyzes and reports financial and non-financial information of a hotel organization helping hotel managers make optimal decisions to fulfill all organizational goals. It is divided into three disciplines namely Full Cost Accounting, Differential Accounting (comparative accounting analysis) and Responsibility Accounting (or budgeting) using cost and revenue allocation techniques and methods. It also covers the Revenue cycle of hotels and how these are earned and realized.