About This Chapter
Control Systems & Issues in the Hospitality Industry - Chapter Summary
This self-paced chapter shows you why and how control systems are used in the hospitality industry. Our expert business instructors break down the different types of controls, including inventory, financial and internal controls, as well as the purpose of night auditing in hotels. We've included lesson quizzes and transcripts to supplement your studying experience. Check your progress on your course Dashboard, and study at any time that fits your schedule. After completing the lessons in this chapter, you should be able to:
- Explain how controlling is a management function
- Understand why companies use inventory, financial and internal controls
- Identify various types of inventory control systems
- Assess the roles and duties of hotel night auditors
1. Controlling as a Function of Management
In this lesson, we will explore the role of controlling as a function of management and its use of various control mechanisms to reach organizational goals.
2. Inventory Control: Definition & Best Practices
Companies need to control their inventory to ensure that they have the right amount available at the right time. In this lesson, you'll learn about some best practices for inventory control.
3. Inventory Control Systems: Types & Purpose
Managing inventory is essential for the success of many businesses. In this lesson, you'll learn about different types of inventory control systems. We'll take a look at continuous and periodic systems as well as the ABC classification system.
4. Financial Controls in Organizations
Organizations have to deal with a lot of money. How do they keep it all straight? In this lesson, we're going to explore the concept of financial controls and see how these can be used to help organizations manage their resources.
5. Internal Controls in Accounting: Definition, Types & Examples
Rules and regulations are a part of everything we do. In this lesson, you will learn about internal controls in accounting. You will learn what they are, why they are important and see examples.
6. What is a Night Audit? - Duties & Procedures
A hotel night auditor is responsible for ensuring the accuracy of hotel accounting records at the end of each business day. In this lesson, let's examine the duties and procedures of Jerry, a night auditor for a busy hotel in a resort town.
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Other chapters within the Hospitality 101: Introduction to Hospitality course
- Hospitality Industry Overview
- Leadership & Management in the Hospitality Industry
- Key Management Functions in the Hospitality Industry
- Communication & Decision-Making in the Hospitality Industry
- Improving Service in the Hospitality Industry
- Planning & Organizing in the Hospitality Industry
- Hotel Classifications & Operations
- Food, Beverage & Alcohol Operations
- Restaurant Organization & Operations Overview
- Tourism & Recreation
- Gaming Industry Overview
- Meetings, Conventions, Expositions & Special Events
- Studying for Hospitality 101