Accounting for Foodservice Industry (GAST305)
It is a branch of science that records, classifies, summarizes, reports and analyzes the results of financial transactions and events of financial institutions. The aim of this course is to introduce the basic concepts of accounting, the principles of financial statements, the basic equation of accounting, the asset and liability accounts, the income and expense accounts, the cost and income accounts, the closure of the accounts, the entry of the accounts related to the preparation of the define balance, the preparation of the balance sheet and income statement. Exercises will be given on sample companies and short tests will be given regularly for this course related to theory.