TITLE PAGE
ACCOUNTING IN THE HOSPITALITY INDUSTRY: A CASE STUDY OF JOE-CONTINENTAL HOTEL
ABSTRACT
Abstract is the summary of a project topic or research project, cantering
This research work has been designed purposely to determine the ways in which hotels keep proper accounting records. Hotels are industries that provide hospitality to people, making them have a home away from their normal homes; they are mostly a tourist sight for visitors in the country. They provide services such as rooms, meals and transportation and project the image of the country, in return for payment.
The central goal of this study is to bring to focus the relevance of accounting department to management efficiency in day to day running of the hotels. Recognize its scope and areas of problems, loopholes that could fraud. The result f the study led to the researcher accepting and formulating hypothesis, using both primary and secondary method of data collection. The researcher was able to conclude that accounting is of great importance not only to hotel industry but also to other industries, we hope that if the recommendations stated are followed religiously the hotel industry will stand the test of time and not liquidate.
TABLE OF CONTENTS
CHAPTER ONE
CHAPTER TWO 11
CHAPTER THREE
Research design and Methodology
CHAPTER FOUR 66
4.1 Data Presentation 68
Questionnaire 78
CHAPTER FIVE
Bibliography 86
Appendix. 87
CHAPTER ONE
INTRODUCTION
Many people think of accounting as a highly technical field which can be understood only by professional accountants actually, nearly every one practices accounting in one form or another on an almost daily basis. Accounting therefore is the art or system of measuring the results of business activities, communicating and interpreting financial activities.
Whether one is preparing a household budget, balancing one’s cheque book, preparing one’s income tax return or running general motors, one is working with accounting concepts and accounting information.
Another definition by vickery ,B. G (1973: p15) principles and practice of book - keeping and recounts. According has often been culled the language of business, as well as a language of communication in an organization, it is logical that changing needs of society . in accounting, the changes and impartment are continually being made. We live man era of accountability. Although accounting has made it’s most dramatie progress in the filed vital to every unit of our society. An individual must account for his or her income, and must file income tax returns. Often an individual must supply personal accounting information in order to buy a car or home. To quality for a collage scholarship to secure a credit card, to obtan a bank loan . large corporations are accountable to their steck holders, to federal government, the states, the cities, the school district all must use accounting as a basis for controlling their resources and measuring their accomplishments. Accounting is equally essential to the successful operation of a business, a university, a fraternity a social program, or city in every election the voter must make decision at the ballot box on issues involving accounting concepts: accounting concepts: therefore, some knowledge of accounting is needed by all citizens if they are to act intelligent in meeting the challenges of our society. The knowledge of accounting and the ability to use accounting information and in making economic and political decision.
At this point, I will like to introduce the history of business hotels was built as a result of the completion of the twenty forth (24th ) may, 1932 it come into existence in the early seventy and was then known used by top government officials, colonial masters during state terms and official visits. The bride brought in a lot of visitors into Makendi town, as the town was the first to have had such a long and attractive bridge. This also gone rise to accommodation demand in brewer state, hence the spring up of other hotels like the makerdi plaza hotel, Bem Hotel, and also the disparity and relationship between the work of an accountant in the hotel industry and other industry. The study is intended to investigate and bring out the relative importance of accounting in hotels examines the function of accounting department in hotels.
The study is also aim at analyzing the causes of problems encountered imagining and also recommend possible solution.
The study is significant to hotels with accounting department, or division so that through this research they can appreciate the relevance of the accounting department of management efficiency.
This they can recognize it scope of operations and areas where there are problems and of course to make effort to rectify the problems. The rese
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