Hotel Finance – Fixed Assets Control – SOP

      FI 008: Fixed Assets Control /


      Objective:

      To establish a standard method of accounting for the Hotel’s fixed assets and the responsibility for their care and security.

      “…Whenever there is any physical movement of a fixed asset, from one location to another in the same department, or a transfer between departments, the Department Heads concerned must notify the Accounts Department so that the record can be updated…”


      Details:

      File Size: 25 KB
      File Format: Word
      Print Length: 05 pages
      Publication Date: September 21, 2016
      Language: English
      Editable: Yes

      The finance (sometimes called accounting) department function is recording financial transactions, preparing and interpreting financial statements and providing management with timely report and operating results.