Unit aim

Using seminars and industry specific cases, this unit introduces students to financial information that is used in the planning and decision-making processes, and the use of decision making tools which allow tourism and hotel managers to achieve their key performance targets and to ensure congruence with tourism and hotel corporate objectives.

Unit content

  1. Key components of the balance sheet and income statement
  2. Financial health through ratio analysis
  3. Understanding cash flows and cash budgets
  4. Introduction to managing tourism and hotel operational costs
  5. Estimating hotel start –up operational profit (bottom-up pricing)
  6. Understanding budget variances
  7. Use of tourism and hotel labour, material and sales variances to improve profit goals
  8. Using revenue & yield analysis to address key budget variances within hotel sector organisations
  9. Understanding price strategies and tourism & hospitality sensitivities to changing consumer demand
  10. Tourism and hotel case studies supporting revenue and yield analysis
  11. Introduction to feasibility studies – focus on hotel room demand projections
  12. Capital investment decisions linking to 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

Teaching and assessment

Notice

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

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2015 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

International

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

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