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The Hospitality Business Toolkit - Doc

   

Added on  2020-10-22

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The Hospitality BusinessToolkit

Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY-1...................................................................................................................................1Double entry book keeping to trial balance.................................................................................1ACTIVITY-2...................................................................................................................................5Evaluating the methods to measure financial performance.........................................................5ACTIVITY-3...................................................................................................................................6HR life cycle for talent Management...........................................................................................6ACTIVITY-4...................................................................................................................................7Performance planning..................................................................................................................7ACTIVITY-5...................................................................................................................................7Training on law for hospitality industry......................................................................................7ACTIVITY-6...................................................................................................................................8Legal and ethical considerations..................................................................................................8ACTIVITY-7...................................................................................................................................9Examining the functional roles....................................................................................................9ACTIVITY-8...................................................................................................................................9Analysing communication, coordination and monitoring methods. ...........................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONThe hospitality business is a broad category of field within the service sector whichincludes lodging, food and drink service, event planning, transportation, cruise line and manymore additional services. The report will be based on the Carnival Corporation & Plc which isCruise operator company in British. This study will help in revealing the trial balance fromfinance department and also provide various recommendations in order to improve financialperformance. It will also help in investigating Talent management of the company using HR Lifecycle. Moreover, the report will concentrate towards the performance planning of workforce andvarious legal and ethical considerations are also been provided.ACTIVITY-1Double entry book keeping to trial balanceDouble Entry Book-keeping system helps Carnival corporation & PLC to record itstransactions and with the help of this journal entries accountant of company prepare LedgerAccounts & Trial Balance(Ghazali, Mustapha and Saber, 2016).Journal EntriesDateParticularsDebitCredit01/02/18Purchase a/c Dr. To Kate's Kitchena/c£5,001.00£5,001.0001/02/18Purchase a/c Dr. To Harry a/c£29,552.00£29,552.0003/02/18Cash a/c Dr.To sales£13,027.00.£13,027.0006/02/18Kate's Kitchen a/c Dr.To Bank a/c£5,001.00£5,001.0010/02/18Cash a/c Dr.To sales a/c£10,653.00£10,653.0014/02/18Bank a/c Dr.To sale a/c£2,008.00£2,008.0017/02/18Cash a/c Dr.To sales a/c£13,321.00£13,321.001

17/02/18Harry's a/c Dr.To cash£29,552.00£29,552.0022/02/18Purchase a/c Dr. To Kate's Kitchen a/c£7,013.00£7,013.0024/02/18Cash a/c Dr.To sale a/c£12,329.00£12,329.00TOTAL£127,457.00£127,457.00Ledger AccountsBank AccountDate ParticularsAmount (Dr)DateParticularsAmount (Cr)14/02/18To sales£2,008.0006/02/18By Kate's a/c£5,001.0028/02/18To closing bal.£2,993.00£5,001.00£5,001.00Cash AccountDate ParticularsAmount (Dr)DateParticularsAmount (Cr)03/02/18To sales£13,027.0017/02/18By Harry's a/c£29,552.0010/02/18To sales£10,653.0017/02/18To sales£13,321.0028/02/18By closing bal.£19,778.0024/02/18To sales£12,329.00£49,330.00£49,330.00Harry's AccountDate ParticularsAmount (Dr)DateParticularsAmount (Cr)17/02/18To cash£29,552.0001/02/18By purchase£29,552.00£29,552.00£29,552.002

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