Hotel Financial Management

Learning Outcomes

On successful completion of this course, students will be able to: Explain the nature and the importance of value creation and the manager’s role in creating Value for the firm’s owners; Analyse the financial market and financial statements, including the balance sheet, income statement, and statement of cash flow, and ratio analysis; Examine how risk affects value and how the timing of cash flows effects their value; Examine the capital budgeting concepts;Examine financial planning for hospitality entrepreneur and how to manage an enterprise’s working capital; Examine the concepts of assets management, leasing and franchising for the hospitality business.

Topics

1. Syllabus Explanation
2. Financial Markets and Raising Financial Capital
3. A Brief Review of Financial Statements
4. Financial Statement Analysis
5. Risk and Value in the Hospitality Firm
6. The Timing and Value of Cash Flows
7. Valuation & Required Rates of Returns & Capital Expenditure Analysis
8. Other Project Valuation Criteria & Issues in Capital Structure Management
9. Financial Planning for the Hospitality Entrepreneur
10. Managing an Enterprise’s working Capital
11. Asset Management in the Hospitality Industry & Leasing
12. Expansion Via Franchising & Via Management Contracts