HMGT 2240 - Managerial Accounting for Hospitality Management

Credit hours: 3

Course Description:
Elements of cost and financial statement analysis are studied in this problem-solving-oriented course. Students are acquainted with financial and operating ratios, budgeting, pricing, cost-volume-profit relationship, cost analysis and potentials, cash management, and investment considerations.

Student Learning Outcomes:
Students will be able to:

Demonstrate a basic understanding of the accounting reports used for financial analysis common to the hospitality industry
Demonstrate a basic understanding of the meaning and source of data used in ratio analysis
Understand the concept and application of budgeting common to the hospitality industry
Understand how to analyze and interpret various parts of the financial statements commonly used in the hospitality industry
Demonstrate a basic understanding of accounting terminology explained in the course