HM 304 - Accounting and Financial Management in the Tourism Industry

3 Credit(s)

This course provides theoretical and practical approaches to the most common financial decisions in the tourism and hospitality industry. General accounting topics include the accounting cycle, analysis, cost management, including internal controls, pricing strategies, and budgeting. Financial topics include the time value of money, discounted cash flows, average rates of return, payback periods, and risk and value in the tourism and hospitality firm, and valuation and required rates of return. Prerequisites: ACCT 105 and ACCT 205.

Prerequisite(s): ACCT 105 and ACCT 205 .