htt231 | undergraduate
Finance For Hospitality Professionals
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Budgeting and Forecasting
- Identify the benefits of cash management.
- Describe the role of forecasting in the Hospitality Industry.
- Describe the role of budgeting to accomplish financial objectives.
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.
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.
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