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Apr 20, 2024
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HMGT 1150 - Basic Accounting in the Hospitality Industry
Credit hours: 3
Course Description:
This course is an introduction to basic accounting in the hospitality industry which includes accounting and financial reporting concepts and the use of accounting information in financial and managerial decisions.
Student Learning Outcomes:
- Define bookkeeping and accounting
- Explain the general purposes and functions of accounting
- Explain the differences between management and financial accounting
- Describe the main elements of financial accounting information - assets, liabilities, revenue and expenses
- Identify the main financial statements and their purposes.
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