y Co Cat Re Dear Jade, I am pleased that you are considering taking an accounting course to complement your hotel and restaurant major. You, accounting. place you in good stead in dealing with the business aspects of hotel management. find that a basic knowledge of Financial accounting is primarily aimed at outside parties. It involves generating financial statements that describe the assets and liabilities of a business and the periodic income earned. You find that investors, lenders, the IRS, and other local, state, and federal regulatory and licensing agencies Col solid financial accounting system. Car Cost management. OMME appreciate a good concerned with determining the costs of things like products, services, and activities. It is also concerned with using financial and nonfinancial information for planning, controlling, continuous improvement, and decision making. In your case, you will want to budget and control costs for a hotel. You want to determine the costs and revenues of different services. For example, is it worthwhile to offer a Sunday brunch for hotel guests? afford the time to take both accounting courses, a good soild As you might guess, courses in both financial and cost management would be of value. If you background course in cost and management accounting would be best. Good luck with your goal of becoming a hotel manager! sking th Sincerely. 2. QLIMPORTANCE.OF.COST.MANAGEMENT