htt230 | undergraduate

Finance For Hosp Professionals: Bed & Balance Sheets

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This course focuses on conceptual awareness and practice of financial management as it applies to hospitality, travel, and tourism industries. It covers the basics of accounting, budgets and budgeting systems, performance measures creation, and financial statement evaluation for the purpose of cost analysis and planning. Aspects of setting prices, funding, and risk management are also covered.

This undergraduate-level course is 9 To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 9

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    Tying It All Together

    • Evaluate the financial health of a hotel based on financial statements.
    • Review key financial concepts, skills, and tools a hospitality manager utilizes to maximize productivity and profit.

    The Need for Growth

    • Identify the advantages sustained growth can provide a hospitality business.
    • Summarize growth strategies hospitality companies can utilize to achieve a steady growth in earnings.

    Finance and Hospitality

    • Describe the Generally Accepted Accounting Principles (GAAP) set forth by the Financial Accounting Standards Board (FASB) and Securities and Exchange Commission (SEC).
    • Explain the importance of management involvement in financial decisions.
    • Summarize the basic components of the primary financial statements.

    The Accounting System

    • Summarize the impact of the Sarbanes-Oxley Act.
    • Explain the advantages of the CP3 accounting system.
    • Analyze financial reports.

    Understanding Financial Statements

    • Describe the components of a ratio analysis.
    • Apply the formula for a cost-volume-profit (CVP) analysis.
    • Identify data needed to make management-level financial decisions.

    The Budget Process

    • Describe the importance of working capital.
    • Explain the factors to consider when forecasting accounts receivable, accounts payable, and credit card sales.
    • Summarize the importance of controlling cash flow.

    Financing Business Growth

    • Differentiate between the timeshare, condominium, and mixed-use financial schemes.
    • Compare and contrast debt, equity, and weighted average cost of capital (WACC).
    • Describe the types of loans and equity available to a company.

    The Time Value of Money

    • Assess the time value of money concept.
    • Explain the considerations used to determine market value.

    Analyzing the Investment

    • Calculate payback period, return on investment (ROI), net present value (NPV), and internal rate of return (IRR).
    • Explain debt service payments and amortization schedules.
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    While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Representative.

    Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.