htt231 | undergraduate

Finance For Hospitality Professionals

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About:

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 5 This course is available to take individually or To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 5

topic title goes here

    Financial Analysis Methods

    • Describe Ratio Analysis.
    • Determine how financial statements impact managerial decision making in the hospitality industry.
    • Describe Trend Analysis.

    Cost Approach to Interpreting Financial Statements

    • Define fixed, variable and mixed costs.
    • Describe cost volume profit pricing.
    • Describe the approach to controlling costs.

    Budgeting and Forecasting

    • Describe the role of forecasting in the Hospitality Industry.
    • Describe the role of budgeting to accomplish financial objectives.
    • Identify the benefits of cash management.

    Revenue/Yield Management and Tying it All Together

    • Describe the role of revenue management in the Hospitality Industry.
    • Identify the impact of yield management on maximizing revenue in the hospitality industry.
    • Determine how revenue management techniques accomplish financial objectives.

    Introduction to Primary Financial Statements

    • Describe the types of primary financial statements.
    • Determine how the primary financial statements are interrelated.
    • Identify the impact of regulatory authorities and considerations.
    Tuition for individual courses varies. For more information, please call or chat live with an Enrollment Representative.

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    Teacher Rate: For some courses, special tuition rates are available for current, certified P-12 teachers and administrators. Please speak with an Enrollment Representative today for more details.

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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.