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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
To establish a standard method of accounting for the Hotel’s fixed assets and the responsibility for their care and security.
The Purchasing department is responsible for the procurement of all items needed in a hotel’s operation as well as the services necessary in installing and maintaining these items.
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.
