Hospitality Financial Management

Learning Outcomes

Upon successful completion of this course, students are expected to be able to explain components of management reports, financial statements, business forecast, strategic pricing models, cost-control systems, ratio analysis, working capital and investment, analyze the management reports and financial statement and use them as the tools for management decision-making in the hospitality and tourism business, evaluate the most common methods in financial management that hospitality firms use

Topics

The course introduces students to basic financial management concepts and explains how they apply to specific operation within the hospitality industry. The course deals with the skills and knowledge about operation, personnel, accounting, information system and many other disciplines. It focuses on understandings of key financial terminology, the analysis of financial reports and on how financial information is used for decision-making purposes in the management of a business.

Prerequisite: None