Availabilities:
| Location | Domestic | International |
|---|
| Brisbane - The Hotel School | | |
| Hayman Island - Hotel School | | |
| Melbourne - The Hotel School | | |
| Sydney - The Hotel School | | |
Unit description
Introduces students to the foundation principles and practices of accounting and finance for the hotel industry. Students focus on how financial and management information is used for planning, measurement and control.
Unit content
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Introduction to Financial Statements
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Financial statement analysis
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Responsibility accounting and budgeting
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Cost volume profit analysis and capital investment decisions
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Internal controls and pricing decisions
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Performance management
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.
| On completion of this unit, students should be able to: |
|---|
| 1 | demonstrate knowledge of basic accounting and reporting methods in the hospitality industry |
| 2 | identify, compare and contrast the links between results in an accounting report and operating systems and procedures |
| 3 | demonstrate the capability to analyse financial reports and develop an appropriate response |
| 4 | Demonstrate the knowledge and skills to reflect upon budgeting in a hospitality operation. |
On completion of this unit, students should be able to:
- demonstrate knowledge of basic accounting and reporting methods in the hospitality industry
- identify, compare and contrast the links between results in an accounting report and operating systems and procedures
- demonstrate the capability to analyse financial reports and develop an appropriate response
- Demonstrate the knowledge and skills to reflect upon budgeting in a hospitality operation.
Prescribed Learning Resources
Prescribed Texts
- Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
Prescribed Resources/Equipment
- No prescribed resources/equipment.
Prescribed Texts
- Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
Prescribed Resources/Equipment
- No prescribed resources/equipment.
Prescribed Texts
- Prescribed text information is not currently available.
Prescribed Resources/Equipment
- Prescribed resources/equipment information is not currently available.
Prescribed Learning Resources may change in future Teaching Periods