What does the CHAE exam cover?
|
Section |
Topic |
Questions |
|
1 |
Basic Accounting |
50 |
|
2 |
Managerial Accounting |
50 |
|
3 |
Asset Management |
35 |
|
4 |
Tax and Law
(Canadian Version Available) |
37 |
|
5 |
Hospitality Operations |
28 |
Five sections of the CHAE Exam covering the below areas of competency:
Basic Accounting
Accounting theory
Accounting flow
General journal entries
Statement preparation
Managerial Accounting
Ratio analysis
Cost-volume-profit analysis
Profit planning
Forecasting
Internal controls
Asset Management
Cash management and analysis
Inventory control
Capital budgeting
Capitalized leases
Tax & Law (Canadian Version Available)
Basic partnership & corporate tax
Payroll/tip credit
Depreciation
Deferred tax
Sales taxes and property taxes
Basic innkeepers law
Wage and hour
Credit laws
Basics of contracts
Bankruptcy
Antitrust
Canadian Version Reference Suggestions>
Operations
Industry terminology
Yield management
Purchasing cycles and controls
What do the questions look like?
1. The normal balance of the retained earnings account of a hotel is:
a. Debit
b. Credit
c. Either a or b
d. Neither a or b
Answer: b
Download Sample Exam Questions>