HOSP 300 Managerial Accounting for the Hospitality Industry
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The HOSP 300 Managerial accounting for the hospitality industry course focuses on the text changes made in 2010 and the updated operating statistics. This course also focuses on revenue management and dynamic pricing accounting for gift cards and secured bank loans, and profitability indexes are also introduced.
HOSP 300 Managerial accounting for the hospitality industry course makes the students explore the main accounting concepts and selective applications of its most effective strategies and tactics that are mission-critical factors for the most hospitality operations. The students will be able to recommend policies by using the results from restaurants' financial analysis for the next year's budget and strategy. The students will also be able to identify factors that affect our foodservice operations menu pricing strategy.
HOSP 300 Managerial accounting for the hospitality industry develops the understanding of preparing financial statements utilized in the hospitality Industries, including profit and loss statement, cash flow, balance sheet, and income statement. The students will be able to identify factors that affect our food service operations, menu pricing, and strategy. They will be able to read and interpret hotel financial reports used in the industry for performance reports and expense allocations.
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