Travel Agencies Accounting

Description

This course introduces students to the financial structure of travel agencies. It states airline passenger tickets transactions, ticket inventory. It states the transactions of cruise tickets, cruise tickets from cruise companies and cruise tickets from other travel agencies. It presents transactions of all type of trips (Religious Trips, Domestic Trips and International Trips) and transactions for hotel reservations. It also tackles the administrative and general expenses, income statement, specialized in managerial reports, working capital, rates of operation and profitability and budget. It allows students to prepare financial statements for the travel agency and specialized managerial reports by using computer systems.

Program

B.Sc. Tourism Management

Objectives

• Describe the system used for cash and data collection in a travel agency. Explain responsibility accounting and the four broad categories of expenses including direct and indirect expenses. Identify the various financial statements and their relationship to each other. Prepare and describe the purpose, general content, and users of a travel agency balance sheet.