| Course Type | Elective Course |
|---|
| Course Level | Associate Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 4 |
|---|
| Name of Lecturer(s) |
- |
| Learning Outcomes |
At the end of this course, the students;
- Explains basic accounting concepts and financial reporting standards according to the Uniform Accounting System and the Uniform System of Accounts for the Lodging Industry (USALI) principles in hospitality enterprises.
- Integrates daily revenue, expense, and collection data from front office (night audit) and food & beverage departments into pre-accounting and general accounting records via hotel automation systems.
- Prepares end-of-period inventory valuations and cost statements according to standards by calculating inventory and cost elements specific to hospitality businesses (food, beverage, labor, overhead).
- Contributes in a data-driven manner to strategic decision-making and departmental budgeting processes of hotel managers by interpreting basic financial statements such as balance sheets, income statements, and cash flow statements (via ratio analyses, etc.).
- Acts in accordance with tax law, commercial legislation, and information security rules in accounting and financial recording processes; conducts financial transactions within the framework of professional ethics and transparency principles.
|
| Mode of Delivery | Face to face |
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| Prerequisites | No |
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| Recommended Optional Programme Components | None |
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| Course Description | This course examines financial recording, reporting, and budgeting processes specific to the hospitality industry within the framework of international accounting standards. The mechanics of balance sheets, income statements, trial balances, and fundamental accounting processes are evaluated using objective data. Through the course learning outcomes, students obtain the ability to masterfully use financial automation software and domain-specific information technologies to analyze departmental profitability and to monitor sectoral management trends. |
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| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to the Accounting System in Hospitality and Basic Concepts |
|
2nd Week |
Uniform System of Accounts for the Lodging Industry (USALI) |
|
3rd Week |
The Accounting Cycle, Double-Entry System, and Journalizing Transactions |
|
4th Week |
Front Office Accounting: Guest Folios, Night Audit, and Revenue Records |
|
5th Week |
Food and Beverage Accounting: Purchasing, Receiving, and Storeroom Entries |
|
6th Week |
Cost Elements and Inventory Valuation in Hospitality Enterprises |
|
7th Week |
Labor Costs, Payroll, and Accounting for Personnel Expenses |
|
8th Week |
Midterm Exam |
|
9th Week |
End-of-Period Procedures: Depreciation, Provisions, and Preparing the Trial Balance |
|
10th Week |
Preparation of Financial Statements I: Departmental Income Statement |
|
11th Week |
Preparation of Financial Statements II: Balance Sheet and Cash Flow Statement |
|
12th Week |
Financial Statement Analysis in Hotels: Ratio Analysis and Managerial Decisions |
|
13th Week |
The Budgeting Process and Variance Analysis in Hospitality Enterprises |
|
14th Week |
Digitalization in Accounting, Cloud-Based Systems (ERP), and Ethical Standards |
|
| Recommended or Required Reading | 1. Aydoğan, F. (2026). Genel Muhasebe, Seçkin Yayıncılık.
2. Ağaoğlu, E. (2022). Konaklama işletmelerinde muhasebe uygulamaları (8. Baskı). Detay Yayıncılık.
3. Erdoğan, M., & Kırlıoğlu, H. (2021). Turizm ve konaklama işletmelerinde muhasebe. Seçkin Yayıncılık.
4. Yılmaz, F., & Sönmez, H. (2023). Otel işletmelerinde USALI (Uniform System of Accounts for the Lodging Industry) kullanımının finansal performansa etkileri üzerine bir değerlendirme. Turizm Akademik Dergisi, 10(2), 115-132. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Problem Solving
- Questions/Answers
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
35 |
| Assignment |
1 |
25 |
| Total(%) |
|
60 |
| Contribution of In-term Studies to Overall Grade(%) |
|
60 |
| Contribution of Final Examination to Overall Grade(%) |
|
40 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1 |
1 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
17 |
17 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
17 |
17 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
1 |
1 |
| Homework |
|
|
|
| Total Work Load | 120 |
| Total Work Load / 30 (h) | 4 |
| ECTS Credit of the Course | 4 |
|
| Language of Instruction | Turkish |
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| Work Placement(s) | No |
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