Hotel Finance – Provision for Doubtful Debt – SOP

      FI 020: Provision for Doubtful Debt /


      Objective:

      To establish a formal routine assessment of the adequacy of the provision for doubtful debts

      “…each Controller is responsible for establishing a realistic basis for calculating a monthly provision. The preferred solution is a percentage of total credit sales based upon prior years’ experience…”

      Includes:

      – SAMPLE REPORT (PROVISION FOR DOUBTFUL DEBTS)


      Details:

      File Size: 23 KB
      File Format: Word
      Print Length: 03 pages
      Publication Date: November 01, 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.