HTE 3250 - Managerial Accounting for Hospitality

Credits: 3

Prerequisite(s): ACC 1010 or ACC 2010

Description: This course concentrates on the analysis and interpretation of hotel, restaurant, event and tourism accounting procedures and financial statements. The importance of Uniform System of Accounts for hospitality businesses, the completion of the accounting cycle, and ethical accounting practices are related to the production and analysis of: balance sheets, income statements, and cash flow statements. Principles of budgeting, forecasting, pricing techniques, revenue management, financial ratios and financial management are reviewed by conducting case analysis explicit to the hotel, restaurant, events, and tourism industries.