HOSP 320 - Hospitality Financial Management

Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0

Prerequisite(s): ACCT 125 and ECON 100 or ECON 110

Restriction(s): None

Corequisite(s): None

The purpose of this course is to analyze the financial planning process and the financial operating methods available to the hospitality firm. The continuously changing operating environment faced by finance managers associated with the hospitality/tourism industry is emphasized.

Student Learning Outcomes of the Course:

Prepare cash budgets using cash receipts and disbursements and net income approaches
Compare and contrast methods of capital projects assessment to determine highest return
Assess assets, liabilities, and equity of a hospitality firm
Evaluate the financial status of a company using financial ratios relevant to the hospitality industry
Explain how finance is interrelated with other organizational areas of the firm
Forecast and prepare operations budgets for financial planning
Prepare an income statement in proper format including summary sheet and supplementary schedules
Identify ethical concerns that the hospitality financial manager must consider