b) Marketable securities
Includes Short-term Investments that intendedto be converted to cash or cash
equivalents within a year. Its trading securities and should be reflected at market
value with the unrealized gain or loss.
c) Receivable
1. Account Receivable
Includes:
Guest Ledger : Set of accounts used to record charges to and payments
from a hotel registered guests
City Ledger : set of accounts used to record charges to and payments
from a hotel's non registered guests
2. Notes Receivable
3. Current Maturities of Non Current Receivable
Represents accounts and notes receivables that expected to be collected during
the next 1 year
4. Other
Other receivable include those receivable that are not either Accounts or Note
Receivable.
d) Allowance For Doubtful Accounts
An allowance for the portion of current accounts and notes receivable estimated to
be uncollectible. The allowance should be based on historical experience.
Account that become uncollectible should be charge to this account.
e) Inventories
Includes the cost of merchandise held for sale, such as food, beverages, and gift
merchandise, also include the cost of reserve stocks of china, glassware, silver,
linen and uniforms and of other items such as guest room supplies.
f) Prepaid Expense
Represent Payments for items that will benefit future operating period. The
amounts are charged to operations based upon when the benefits are received
g) Deferred Income Taxes – Current
Represents the tax effects of temporary differences between the bases of current
assets and current liabilities for financial and income tax reporting purpose
h) Other
Includes item not shown elsewhere that are reasonably expected to be realized in
cash or otherwise in the next 12 months.
b. Partnership
Partners’ Equity
Represent the net equity of the partners in the partnership and should be classified
where appropriate as general and limited partners’ equity
1. Contributions
The amount of any additional assets that are invested at the business by the
partners during the period just ended
2. Withdrawals
The amount of any assets that are taken out of the business and distributed to the
partner during the period just ended.
c. Owners’ Equity
Same with equity for partnership except that it represents the interest of one
individual as opposed to a number of partners.
1. Contributions
The amount of any additional assets that are invested at the business by the
partners during the period just ended
2. Withdrawals
The amount of any assets that are taken out of the business and distributed to the
partner during the period just ended.
HOTEL CASH FLOW STATEMENT
I. Cash Flow Operating Activities
1. Other Receipts
Includes proceeds from transactions other than guests
2. Payroll Disbursement
Includes salary and wage payments as well as related payments for employee
benefits
3. Other Operating Disbursement
Includes payments for food and beverage, other merchandise and supplies, energy,
rent, taxes other than income, and other expenditures incurred by operations
5. Interest Paid
Includes cash payments to lenders and other creditors for interest
6. Income Taxes Paid
Includes all payments for taxes based on income. It does not include amounts paid o
sales or occupancy taxes
7. Franchise and Management Fees Paid
Include base as well as variable elements paid under franchise and management
contracts.