Internal controls main objective is ensuring successful safeguarding of assets. Its effective implementation involves setting goals and performance standards, monitoring and measuring performance to spot likely deviations from preset standards, and initiating due corrective actions to set performance back to standards. This book explains how internal control procedures can be applied to safeguard hotels current assets; cash disbursements incurred for labor and purchasing, cash receipts obtained from the food and beverage and the front office departments, and inventory. The field study and...