Unit description

Develops students' understanding of the use of financial and operating information in planning, control, evaluation and decision making in hotels. The focus is management accounting and financial accounting for hotels. The topics include management control, hotel financial statements, financial analysis, cash management, cost management, internal controls, product and services pricing, operational budgeting variances, investment decisions and feasibility studies.

Unit content

Understanding hotel financial statements and control
Topic 1 - Management control systems
Topic 2 - Pricing decisions in hotels
Topic 3 - Statement of cash flows Budget management
Topic 4 - Cash management
Topic 5 - Operations budgeting and inventory management (part 1)
Topic 6 - Operations budgeting and variance analysis (part 2) Long-term planning and financing decisions
Topic 7 - Investment decisions
Topic 8 - Feasibility studies

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

Learning outcomes and graduate attributes

Prescribed texts

Session 1

  • Guilding, C, 2009, Accounting Essentials For Hospitality Managers, 2nd edn, Elsevier, Oxford UK. ISBN: 978-1-85617-667-5.

Session 3

  • Guilding, C, 2009, Accounting Essentials For Hospitality Managers, 2nd edn, Elsevier, Oxford UK. ISBN: 978-1-85617-667-5.
Prescribed texts may change in future study periods.

Teaching and assessment

Sydney - The Hotel School

Teaching method
Workshop on-site 3 hours (12 weeks)
Exam: closed book25%
Exam: closed book25%
Exam: closed book50%

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information


Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2014 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees


Please check the international course and fee list to determine the relevant fees.