Final Report - Part 2: Business Processes and intro to the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Part 2: Business Processes and intro to the REA diagram Business Processes-Revenue Cycle The Gaylord Texan is a multimillion dollar company. There are couples of ways how customer can contact the company: visiting, via phone, or using website. The Gaylord Texan processes its revenue and purchasing transactions through Lodging Management Systems. The LMS system is a property management solution that automates certain aspects of Gaylord’s hotel operations, for example, reservations, accounting, and credit card processing. The ticket revenue received from ICE and other events held at the Gaylord are handled by Audience View ticketing systems. LMS records revenue on a daily basis. For example: each night that a guest stays at the hotel, LMS records room and tax each night which brings in daily revenue. As for food and beverage, whenever an employee rings in a check, the revenue is captured that day once the check is closed. They do not recognize other revenue until the event occurs and the revenue process is complete, such as when a ticket is used at ICE, a check is closed, a guest stays a night. The receipts are handled through cash office then Brinks picks them up and drops them off at the bank; credit cards are handled through
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/23/2011 for the course ACCT 3303 taught by Professor Staff during the Spring '08 term at UT Arlington.

Page1 / 3

Final Report - Part 2: Business Processes and intro to the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online