Hospitality Management Scholarship Essay Example | Topics and Well Written Essays - 750 words

Hospitality Management - Scholarship Essay Example This paper declares that the reporter charges moderate tuition fees for teaching English language to the needy students. This supplementary income supports him to balance his budget to an extent. After gaining experience for two years, he   wishes to venture into his own by establishing myself as a consultant for event planning. Besides consultancy, the reporter will take independent contracts for programs. His long term goal is to establish a boutique hotel with an underground Shopping Centre in America and subsequently open its branches in his country, Seoul, South Korea. His   objectives are twofold. Establish and gain popularity for my brand name, and on the strength of the goodwill thus generated try to promote tourism industry in his country by sending regular batches of tourists from America. His   country has tremendous potential to be a great place of tourist attraction. The reporter   have also made the preliminary study of the facilities being offered by commercial banks to entrepreneurs for initiating such ventures. Scholarship is the final solution for the series of problems that he faces at present. International students are required to pay double the amount of tuition fees as compared to the native students. The fees are $10,000 per semester, which is an impossible option for me to meet. His earlier educational institution, the community college, was inexpensive and my parents had no problems to meet the moderate bill on his education. After getting admission to this university for the degree course in Hospitability Management, my parents are unable to meet the present high level of tuition fees. They are in Korea along with his elder brother. He is also a student in the university there and the scale of his tuition fees is high.

Benefits of Implementation a Good Accounting System Essay - 3

Benefits of Implementation a Good Accounting System - Essay Example Accounting system requires three financial accounting documents; the balance sheet, which determines financial position of the business, income statement, which shows if the business is making a profit or loss and finally and cash flow statement which shows money inflow and outflow in the business. Business activities are run by money given to the management body by the owners. Therefore, a financial statement is useful in monitoring the effectiveness of management. Financial statements also act as a tool used in making an assessment. These statements show how management spent resources allocated to them in the process of reducing the company’s cost and increasing profitability (Kieso and Weygandt 34). It is the work of the accounting department to make such assessments and give a report. Good accounting system helps a company’s stakeholder to make economically informed decisions. The decisions made are based on the information received after analyzing financial statements. Business decisions are always based on accounting information. The accounting system is also very important for record keeping. Information collected from numerous sources is received, analyzed and communicated to the prospective users for decision making. Based on accounting details, company records can be used to make monetary policies. Efficient accounting system helps to detect deception by putting in proper internal control mechanism to monitor events (Kieso and Weygandt 47). Effective and efficient tracking of internal events can be achieved by having a good accounting information system in place.