Abstract: The article exams the costs accounting peculiarities of any hotel and restaurant complex. The author has analysed the principles and directions of costs accounting organizing. The main idea of the article is to study the current state of costs accounting at enterprises of the hotel and restaurant industry.

A rationally organized accounting system can significantly increase the efficiency of management of the hotel and restaurant business. The existing accounting system at most hotel and restaurant enterprises does not meet the requirements and it needs to be thoroughly reformed. Only under the comprehensive solution of these problems there will be possible to form a successful concept of the accounting system in the hotel and restaurant industry. The peculiarities and differences of the expenses organizing by their places of origin and centers of responsibility have been analyzed. We believe that the choice of a particular approach to the organizing of costs accounting in the hotel and restaurant industry should correspond to the chosen methods of calculation and costs accounting. The formation of accounting policy at the hotel and restaurant enterprise is a complicated management process, because any accounting policy is an important tool in economic management of such important indicator as profit; and basing on its results, the decision-making information base is formed. The novelty of this study lies in the actualization of the enterprises costs accounting organizing in the hotel and restaurant industry. It has been substantiated the necessity of proper costs accounting organizing, the need to establish methods of costs accounting in the accounting policy. And only the correctly organized costs accounting will allow the enterprises of a hotel and restaurant business to be really competitive.