Matakuliah
Tahun
: A1042/Accounting Software Package for
Services
: 2010
ACCOUNTING
FOR HOSPITALITY MANAGEMENT
Pertemuan 3-7
General Financial Accounting Terms
• Cash versus accrual accounting
– Cash basis
• Beginning cas + cash sales revenue – cash payments = ending
cash
• Balance sheets and income statements
– Accounting equation
• Assets = Liabilities + Ownership Equity
• Double entry accrual accounting
Bina Nusantara University
3
Generally Accepted Accounting Principles
•
•
•
•
•
•
•
•
•
•
•
Business Entity Principle
Monetary Unit Principle
Going Concern Principle
Cost Principle
Time Period Principle
Conservatism Principle
Consistency Principle
Materiality Concept
Full Disclosure Principle
Objectivity Principle
Matching Principle
Bina Nusantara University
4
The Ledger Account and Debit-Credit Functions
• The Ledger Account
• Rules of Debit-Credit functions and their effect on the
balance sheet accounts
Bina Nusantara University
5
The Journal and Journal Entry
Bina Nusantara University
6
Bina Nusantara University
7
Bina Nusantara University
8
Bina Nusantara University
9
Bina Nusantara University
10
Bina Nusantara University
11
Bina Nusantara University
12
The Income Statement
Bina Nusantara University
13
Bina Nusantara University
14
Bina Nusantara University
15
Bina Nusantara University
16
Bina Nusantara University
17
Bina Nusantara University
18
Adjusting
Entries
Bina Nusantara University
19
Unadjusted trial balance
Bina Nusantara University
20
Bina Nusantara University
21
Bina Nusantara University
22
Cost of Sales and Inventory Adjustments
Bina Nusantara University
23
Bina Nusantara University
24
Bina Nusantara University
25
Bina Nusantara University
26
Prepaid Expense Adjustment
Bina Nusantara University
27
Bina Nusantara University
28
Wages and Salaries Accrual Adjustments
Bina Nusantara University
29
Bina Nusantara University
30
Depreciation Expense Adjutsment
• Straight Line Depreciation
Bina Nusantara University
31
Bina Nusantara University
32
Bina Nusantara University
33
• Sum of the years digit depreciation
Bina Nusantara University
34
Bina Nusantara University
35
• Double Ceclining Balance Depreciation
Bina Nusantara University
36
Bina Nusantara University
37
Closing Journal
Bina Nusantara University
38
Bina Nusantara University
39
Bina Nusantara University
40
Adjusted
Trial
Balance
Bina Nusantara University
41
Income Statement
Bina Nusantara University
42
Bina Nusantara University
43
Closing
Entries
Bina Nusantara University
44
Post Closing
Trial Balance
Bina Nusantara University
45
Balance Sheet
Bina Nusantara University
46
Bina Nusantara University
47