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Apr 28, 2024
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2020-2021 Catalog [PREVIOUS CATALOG YEAR]
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HOS 200 - Hospitality: Financial Management Description: Study of financial statement analysis, asset management, ratio analysis, analytical techniques, and investment decision making. Emphasis on planning, budgeting, and management decisions.
Prerequisites: HOS 100
Credits: 3 Lecture: 3 Course Content:
- Managerial accounting in the hospitality industry
- Purposes and uses of financial statements
- Uses of financial ratios in operations analysis
- Internal control
- Cost management techniques
- Framework and application of budgeting
- Working capital and cash management
- Investment decision making
Learning Outcomes:
- Distinguish between managerial accounting and financial accounting for the hospitality industry. (1)
- Examine and use financial statements. (2)
- Identify and describe the uses of financial ratios in operations analysis. (3)
- Examine the purposes of internal control processes. (4)
- Identify and describe types of management and control systems. (4)
- Identify and use costs management techniques. (5)
- Analyze the framework and application of budgeting. (6)
- Identify and describe key concepts of working capital and cash management techniques. (7)
- Identify and examine the principles of investment decision making. (8)
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