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To establish a procedure to ensure that all removals of fixed assets from the Hotel, either on a temporary or permanent basis, are properly documented.
Objective:
To establish a procedure to ensure that all removals of fixed assets from the Hotel, either on a temporary or permanent basis, are properly documented.
“…No fixed assets are to be removed from the Hotel without the written approval of the General Manger and Hotel Financial Controller/Chief Accountant…”
Details:
File Size: 24 KB
File Format: Word
Print Length: 01 page
Publication Date: November 14, 2016
Language: English
Editable: Yes
In order for the accounting department to achieve maximum effectiveness and efficiency with sufficient internal controls in place to prevent errors and frauds, the department should be organized by operational functions with proper segregation of duties.
To ensure that the Hotel only pays for goods and service which are bona-fide purchases.
The primary objective of receiving is to ensure that the Hotel obtains the quality and quantity of merchandise ordered at the quoted price.
