2021 - 2022 College Catalog 
    
    Jan 20, 2022  
2021 - 2022 College Catalog

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