Hotel Finance - Provision for Doubtful Debt - SOP 2 years ago

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 …

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Hotel Finance - Obsolete Stock - SOP 2 years ago

FI 014: Obsolete Stock Objective: To establish the requirement of providing adequate provisions in order to cover the loss of value in inventory due to obsolescence and deterioration. “…Most Hotels already have a provision established and it should …

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Hotel Finance - Capital Expenditure - SOP 2 years ago

FI 003: Capital Expenditure Objective: To ensure that the capital expenditure is properly planned, valued and executed. “…Any capital expenditure project which is included in the agreed capital expenditure budget for the year but for which no capital …

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Hotel Finance - Accounts Payable - SOP 2 years ago

FI 001: Accounts Payable Objective: To ensure that only valid and authorized payable are recorded and paid, that accounting procedures are implemented to ensure the accuracy of amounts, coding of General Ledger accounts and the appropriate timing of …

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