Accounting for Hospitality, Tourism and Leisure II

Learning Outcomes

Upon successful completion of this course, students are expected to be able to calculate costing for a range of goods and services, create pricing decisions on the basis of costing and other factors, prepare budgets and use variances to analyse and compare actual and budgeted figures, evaluate capital investment decisions using a variety of techniques, interpret accounts using standard ratios and percentages.

Topics

This course provides students with an understanding of the financial records used in the hospitality industry and the ways these can aid effective managerial decision making. It gives detailed additional coverage on sales and cash budgeting, marginal costing and final accounts for internal use. The course content allows students to calculate marginal costing and formulate decision from such material, interpret accounting information, and maximize the use of computing in management accounting.

Prerequisite: HM209 – Accounting for Hospitality, Tourism and Leisure I